Kistos (LON:KIST) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Kistos Holdings Plc (LON:KIST)’s stock price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 305.83 and traded as high as GBX 316.50. Kistos shares last traded at GBX 316.50, with a volume of 454,593 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 420 target price on shares of Kistos in a report on Monday, October 19th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 360 price target on shares of Kistos in a report on Wednesday, September 16th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Kistos has a consensus rating of “Buy” and an average price target of GBX 390.

Kistos Price Performance

The company has a current ratio of 1.68, a quick ratio of 2.33 and a debt-to-equity ratio of 1,049.17. The firm has a market cap of £263.07 million, a P/E ratio of 10.55 and a beta of 0.46. The company has a fifty day moving average price of GBX 305.83 and a two-hundred day moving average price of GBX 273.15.

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.