Ilika (LON:IKA) Given New GBX 100 Price Target at Berenberg Bank

Ilika (LON:IKA) had its price target lowered by Berenberg Bank from GBX 110 ($1.36) to GBX 100 ($1.24) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 250.88% from the stock’s previous close.

Ilika Trading Up 3.6 %

LON IKA opened at GBX 28.50 ($0.35) on Tuesday. The stock has a market capitalization of £45.31 million, a price-to-earnings ratio of -712.50 and a beta of 1.99. The stock’s 50 day moving average price is GBX 30.90 and its two-hundred day moving average price is GBX 34.50. The company has a debt-to-equity ratio of 2.33, a quick ratio of 15.43 and a current ratio of 12.20. Ilika has a 52 week low of GBX 24.99 ($0.31) and a 52 week high of GBX 60 ($0.74).

Ilika Company Profile

Ilika plc designs, develops, and produces solid-state batteries under the Stereax name primarily in the United Kingdom, Asia, Europe, and North America. The company offers batteries for a range of applications in the industrial Internet of Things, MedTech, transportation, electric vehicles, and cordless consumer appliances.