Kistos (LON:KIST) Shares Down 4.8% – What’s Next?

Kistos Holdings Plc (LON:KIST) shares fell 4.8% during trading on Wednesday. The company traded as low as GBX 290.50 and last traded at GBX 300. Approximately 149,383 shares traded hands during trading, a decline of 41% from the average session volume of 251,769 shares. The stock had previously closed at GBX 315.

Analyst Upgrades and Downgrades

KIST has been the topic of a number of research reports. Berenberg Bank increased their price objective on Kistos from GBX 325 to GBX 405 and gave the company a “buy” rating in a report on Tuesday, September 15th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 360 target price on shares of Kistos in a report on Wednesday, September 16th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kistos currently has a consensus rating of “Buy” and an average price target of GBX 382.50.

Kistos Stock Down 2.8%

The company has a market capitalization of £248.52 million, a price-to-earnings ratio of 9.97 and a beta of 0.46. The business’s 50-day moving average is GBX 297.03 and its 200-day moving average is GBX 279.16. The company has a quick ratio of 2.33, a current ratio of 1.68 and a debt-to-equity ratio of 1,049.17.

Kistos Company Profile

Kistos is an independent, integrated energy company with upstream and midstream operations across international markets.

Our operations span the UK, Norway, and the Netherlands. Kistos’ investments across the value chain include upstream operations, both offshore and onshore, and the operation of critical infrastructure to process and store hydrocarbons for ready deployment in the energy market.

Central to our approach is operating with industry-leading sustainability and social responsibility credentials.