Kistos (LON:KIST) Shares Up 2.4% – Still a Buy?

Kistos Holdings Plc (LON:KIST) shares rose 2.4% during trading on Wednesday . The company traded as high as GBX 255 and last traded at GBX 255. 314,657 shares were traded during trading, an increase of 9% from the average daily volume of 289,230 shares. The stock had previously closed at GBX 249.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their target price on Kistos from GBX 280 to GBX 285 and gave the company a “buy” rating in a research note on Friday, January 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Kistos currently has a consensus rating of “Buy” and a consensus target price of GBX 285.

Kistos Price Performance

The firm has a market cap of £226.22 million, a PE ratio of -4.79 and a beta of 0.33. The company has a debt-to-equity ratio of 822.55, a current ratio of 2.07 and a quick ratio of 2.33. The firm has a 50-day simple moving average of GBX 222.87 and a 200 day simple moving average of GBX 186.26.

Insider Activity at Kistos

In other news, insider Peter Mann sold 13,641 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of GBX 220, for a total transaction of £30,010.20. Also, insider James Thomson sold 1,793 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of GBX 220, for a total transaction of £3,944.60. Insiders sold a total of 28,625 shares of company stock valued at $6,297,500 in the last three months. Company insiders own 20.58% of the company’s stock.

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.