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

Ilika (LON:IKA) had its target price dropped by research 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 presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 236.13% from the stock’s previous close.

Ilika Stock Performance

Ilika stock traded up GBX 2.25 ($0.03) during midday trading on Tuesday, reaching GBX 29.75 ($0.37). 86,020 shares of the stock traded hands, compared to its average volume of 166,964. The company has a current ratio of 12.20, a quick ratio of 15.43 and a debt-to-equity ratio of 2.33. The firm has a fifty day moving average price of GBX 30.90 and a two-hundred day moving average price of GBX 34.50. The firm 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 fifty-two week low of GBX 24.99 ($0.31) and a fifty-two 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.