Kistos PLC 18.5% potential upside indicated by Berenberg Bank

Kistos PLC with ticker (LON:KIST) now has a potential upside of 18.5% according to Berenberg Bank.



Berenberg Bank set a target price of 490 GBX for the company, which when compared to the Kistos PLC share price of 400 GBX at opening today (31/05/2022) indicates a potential upside of 18.5%. Trading has ranged between 172 (52 week low) and 455 (52 week high) with an average of 285,472 shares exchanging hands daily. The market capitalisation at the time of writing is £339,741,334.

Kistos plc is a United Kingdom-based trading company. The Company is engaged in the acquisition and management of companies or businesses in the energy sector. It operates various exploration and production licenses in the Netherlands, with primary focus on the producing asset, Q10-A, located in production licenses Q07/Q10a. The Q10-A gas field is located approximately 20 kilometers (km) offshore the Netherlands, straddling the Q07/Q10a production licenses. Its Q11-B discovery is located in the license block Q11, c., which is 13 km offshore. It also holds operated interests in the Q10b block, which harbors the Q10-B discovery, as well as the prospect, Q10-Gamma. Its production license interests include Q07, Q10a, Donkerbroek-Main, Donkerbroek-West and Akkrum-11. The Company’s exploration license interests include Q10b, Q11, Q08, M10a, M11 and TEN.