Versarien (LON:VRS) Receives Buy Rating from Berenberg Bank

Versarien (LON:VRSGet Rating)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued to investors on Wednesday, LSE.Co.UK reports. They presently have a GBX 35 ($0.43) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 85.97% from the stock’s current price.

Shares of VRS opened at GBX 18.82 ($0.23) on Wednesday. Versarien has a 1 year low of GBX 14.15 ($0.17) and a 1 year high of GBX 38.25 ($0.47). The company has a debt-to-equity ratio of 38.54, a current ratio of 2.23 and a quick ratio of 1.67. The company has a market capitalization of £36.54 million and a price-to-earnings ratio of -7.24. The business has a 50-day moving average of GBX 18 and a 200-day moving average of GBX 22.47.

About Versarien (Get Rating)

Versarien plc, an engineering materials company, provides engineering solutions for various industry sectors in the United Kingdom, rest of Europe, North America, and internationally. The company operates in two segments, Graphene and Plastic Products, and Hard Wear and Metallic Products. The Graphene and Plastic Products segment offers graphene products, such as Nanene, a few-layer graphene; Polygrene, a graphene enhanced polymer; Hexotene, a few-layer hexagonal boron nitride nano-platelet powder; and graphene-based nanomaterials for energy storage devices, as well as a range of electrically conductive graphene inks for various printing processes, substrates, and applications under the Graphinks name.

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