Berenberg Bank Lowers Ilika (OTCMKTS:ILIKF) Price Target to GBX 125

Ilika (OTCMKTS:ILIKF – Get Rating) had its price objective dropped by investment analysts at Berenberg Bank from GBX 130 ($1.59) to GBX 125 ($1.53) in a research report issued on Friday, The Fly reports.

Ilika Stock Up 3.2 %

OTCMKTS:ILIKF opened at $0.51 on Friday. The stock’s fifty day moving average price is $0.38 and its two-hundred day moving average price is $0.60. Ilika has a 52-week low of $0.25 and a 52-week high of $2.12.

About Ilika

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Ilika Plc is a pioneer in solid-state battery technology with their innovative Stereax micro batteries designed for Industrial IoT and MedTech markets, and their Goliath large format batteries for the electric vehicle and consumer electronics markets. Stereax battery technology offers compelling advantages over conventional lithium ion batteries, including smaller footprint, high energy density, non-toxic materials, faster charging, increased cycle life, low leakage and reduced flammability.