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

Ilika (LON:IKA) had its target price decreased by stock analysts at Berenberg Bank from GBX 110 ($1.36) to GBX 100 ($1.24) in a research report issued on Tuesday, LSE.Co.UK reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 236.13% from the company’s previous close.

Ilika Stock Performance

Shares of IKA traded up GBX 2.25 ($0.03) during trading hours on Tuesday, hitting GBX 29.75 ($0.37). The company’s stock had a trading volume of 86,020 shares, compared to its average volume of 166,964. The business has a 50 day simple moving average of GBX 30.90 and a two-hundred day simple moving average of GBX 34.50. The company has a market cap of £47.30 million, a price-to-earnings ratio of -743.75 and a beta of 1.99. Ilika has a 52-week low of GBX 24.99 ($0.31) and a 52-week high of GBX 60 ($0.74). The company has a debt-to-equity ratio of 2.33, a current ratio of 12.20 and a quick ratio of 15.43.

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.