Centralnic Group PLC 37.4% potential upside indicated by Berenberg Bank

Centralnic Group PLC with ticker (LON:CNIC) now has a potential upside of 37.4% according to Berenberg Bank.



Berenberg Bank set a target price of 230 GBX for the company, which when compared to the Centralnic Group PLC share price of 144 GBX at opening today (25/11/2021) indicates a potential upside of 37.4%. Trading has ranged between 75 (52 week low) and 154 (52 week high) with an average of 385,865 shares exchanging hands daily. The market capitalisation at the time of writing is £364,165,811.

CentralNic Group plc is a United Kingdom-based global domain name service provider. The Company’s segments include Reseller, Small Business and Corporate. The Reseller segment is a distributor of domain names and provides consultancy services to retailers. The Reseller segment include Reseller business and Registry business. The Small Business segment provides domain names and ancillary services to end users. The Corporate segment includes domain names and monitoring services to protect brands online, technical and consultancy services to corporate clients, licensing of the Company’s in house developed registry management platform. The Company offers domain name monetization services with its platform that enables domain name investors to generate advertising income from the assets. It develops and manages software platforms that enables businesses globally to buy the subscriptions to domain names and Web services.