Centralnic Group PLC 111.5% potential upside indicated by Berenberg Bank

Centralnic Group PLC with ticker (LON:CNIC) now has a potential upside of 111.5% according to Berenberg Bank.



Berenberg Bank set a target price of 250 GBX for the company, which when compared to the Centralnic Group PLC share price of 118 GBX at opening today (23/05/2023) indicates a potential upside of 111.5%. Trading has ranged between 107 (52 week low) and 160 (52 week high) with an average of 1,117,849 shares exchanging hands daily. The market capitalisation at the time of writing is £328,726,139.

CentralNic Group Plc is a United Kingdom-based Internet solutions company. The Company develops and manages its own proprietary software platforms for the global distribution of domain names. It enables its customer groups to buy certain domain-related software and services, such as email software, hosting, domain name and Website monetization, online brand protection tools, marketing tools and others. Its segments include Online Marketing and Online Presence. The Online Marketing segment creates privacy-safe artificial intelligence -based customer journeys that help online consumers make informed choices. The Online Presence segment conducts business as a global distributor of domain names through a network of channel partners, as well as selling domain names and ancillary services to end users, monitoring services to protect brands online, technical and consultancy services to corporate clients, and licensing an in-house developed registry management platform on a global basis.