Ilika’s (IKA) “Buy” Rating Reiterated at Berenberg Bank

Ilika (LON:IKAGet Rating)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research report issued on Wednesday, MarketBeat.com reports. They presently have a GBX 260 ($3.25) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 132.14% from the company’s previous close.

Separately, Liberum Capital reissued a “buy” rating and issued a GBX 245 ($3.06) price objective on shares of Ilika in a research note on Monday, January 24th.

IKA opened at GBX 112 ($1.40) on Wednesday. Ilika has a fifty-two week low of GBX 105 ($1.31) and a fifty-two week high of GBX 245 ($3.06). The firm has a market capitalization of £175.71 million and a PE ratio of -31.11. The company has a debt-to-equity ratio of 2.07, a current ratio of 15.50 and a quick ratio of 15.50. The company’s 50-day moving average is GBX 116.29 and its 200 day moving average is GBX 134.78.

In other news, insider Graeme Purdy sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of GBX 142 ($1.77), for a total value of £21,300 ($26,608.37). Also, insider Stephen John Boydell sold 2,000 shares of Ilika stock in a transaction on Friday, March 11th. The stock was sold at an average price of GBX 118 ($1.47), for a total value of £2,360 ($2,948.16). In the last quarter, insiders sold 388,222 shares of company stock valued at $42,864,366.

Ilika Company Profile (Get Rating)

Ilika plc engages in the design, development, and production of solid-state batteries under the Stereax name primarily in the United Kingdom, Asia, rest of Europe, and North America. It offers batteries for a range of applications in the industrial Internet of Things, electric vehicles, smart cities, consumer electronics, and medical sectors.

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