Strix Group PLC with ticker (LON:KETL) now has a potential upside of 67.7% according to Liberum Capital.
Liberum Capital set a target price of 100 GBX for the company, which when compared to the Strix Group PLC share price of 60 GBX at opening today (10/10/2023) indicates a potential upside of 67.7%. Trading has ranged between 51 (52 week low) and 130 (52 week high) with an average of 1,624,072 shares exchanging hands daily. The market capitalisation at the time of writing is £132,978,292.
Strix Group Plc is an Isle of Man-based company, which is engaged in the designing, manufacturing and supplying of kettle safety controls and other components, and devices involving water heating and temperature control, steam management, water filtration and small household appliances for personal health and wellness. The Company is involved in designing, manufacturing and selling thermostatic controls, cordless interfaces, and other products, such as water, dispensers, jugs and filters, primarily to original equipment manufacturers (OEMs), commercial and residential customers based in China, Italy, Australia, New Zealand and the United Kingdom. The Company operates through three segments: kettle controls, water category and appliances. Its brands include Aqua Optima, LAICA, astrea and Billi.
Strix Group PLC 67.7% potential upside indicated by Liberum Capital
- Written by: Charlotte Edwards
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Latest Company News
Strix reports stronger Controls volumes, renewed Consumer Goods growth and capital returns as its recovery strategy begins to show clearer progress.
Strix Group said FY26 revenue is expected to be around £150m with adjusted profit before tax of £9.8m to £10.2m, as trading in its Controls division improved outside China. The company also confirmed completion of its £10m tender offer and provided an update on CEO succession plans.
The company accepted all basic entitlements and prorated excess tenders, purchasing 23.3m shares at 43p each and returning approximately £10m to shareholders.
Strix Group plc has proposed a £10 million return of capital through a tender offer at 43 pence per share, subject to shareholder approval. The offer opens on 10 April 2026 and closes on 30 April 2026.
Strix is trying to reduce reliance on kettle controls by expanding into components and filtration, which could improve diversification and long-term investor relevance.
The Lumi dispenser underpins Aqua Optima’s approach of linking appliances with recurring filter sales.
