Helical PLC 12.4% potential upside indicated by Berenberg Bank

Helical PLC with ticker (LON:HLCL) now has a potential upside of 12.4% according to Berenberg Bank.



Berenberg Bank set a target price of 253 GBX for the company, which when compared to the Helical PLC share price of 225 GBX at opening today (19/01/2024) indicates a potential upside of 12.4%. Trading has ranged between 182 (52 week low) and 399 (52 week high) with an average of 194,420 shares exchanging hands daily. The market capitalisation at the time of writing is £267,680,567.

Helical PLC is a United Kingdom-based property investment and development company, which specializes in developing and owning office buildings in Central London. The Company’s segments include Investment properties and Development properties. Investment properties segment, which are owned or leased by the Company for long-term income and for capital appreciation. Development properties segment which includes sites, developments in the course of construction, completed developments available for sale, and pre-sold developments. Its portfolio comprises multi-let offices, office refurbishments and developments and a mixed-use commercial/residential scheme. Its portfolio includes The JJ Mack Building, The Bower, 25 Charterhouse Square, Barts Square, The Loom, 100 New Bridge Street, and The Power House. The Bower is a mixed-use building adjacent to Old Street Roundabout and has over 3.12 acres. The Power House contains an approximately 35 space car park and 19 residential apartments.