Helical PLC 23.9% potential upside indicated by JP Morgan Cazenove

Helical PLC with ticker (LON:HLCL) now has a potential upside of 23.9% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 575 GBX for the company, which when compared to the Helical PLC share price of 438 GBX at opening today (20/04/2022) indicates a potential upside of 23.9%. Trading has ranged between 345 (52 week low) and 513 (52 week high) with an average of 113,886 shares exchanging hands daily. The market capitalisation at the time of writing is £529,668,549.

Helical plc is a United Kingdom-based property investment and development company. The Company’s segments include Investment properties and Developments. The Company’s Investment properties segment includes the properties, which are owned or leased by the Company for long-term income and capital appreciation, and trading properties, which are owned or leased to sell. The Company’s Developments segment includes sites, developments in the course of construction, completed developments available for sale and pre-sold developments and interests. The Company’s development properties include 33 Charterhouse Street, Kaleidoscope, Barts Square, One Bartholomew, 55 Bartholomew Close, The Bower, 25 Charterhouse Square, The Loom, The Powerhouse, Trinity, Fourways, The Tootal Buildings, 35 Dale Street and 31 Booth Street. The Company’s portfolio includes multi-let offices, office refurbishments and developments and a mixed-use commercial/residential scheme.