Strix Group PLC with ticker (LON:KETL) now has a potential upside of 74.2% 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 57 GBX at opening today (29/09/2023) indicates a potential upside of 74.2%. Trading has ranged between 51 (52 week low) and 130 (52 week high) with an average of 1,386,269 shares exchanging hands daily. The market capitalisation at the time of writing is £116,212,746.
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 74.2% potential upside indicated by Liberum Capital
- Written by: Charlotte Edwards
Find more news, interviews, share price & company profile here for:
Latest Company News
Compact Italian water jug aims for steady margins through quality design and targeted buyers.
Aqua Optima’s filter system supports repeat sales by offering cleaner water, wide compatibility and a strong sustainability message.
Strix supplies safety and temperature controls for kettles and appliances, giving brands a proven solution that meets global standards.
LAICA’s Bi‑Flux® system filtered tap water while retaining natural minerals, offering a distinctive approach to household water treatment.
Installing sparkling water taps is no longer just an upgrade, it's a strategic signal of how companies are thinking about health, cost and ESG.
Strix Group has entered into a conditional agreement to sell its Billi business to Birmingham Bidco Pty Ltd for £110 million on a cash free and debt free basis, subject to shareholder approval.
