Helical PLC -5.1% potential downside indicated by Berenberg Bank

Helical PLC with ticker (LON:HLCL) now has a potential downside of -5.1% according to Berenberg Bank.



Berenberg Bank set a target price of 350 GBX for the company, which when compared to the Helical PLC share price of 368 GBX at opening today (17/01/2023) indicates a potential downside of -5.1%. Trading has ranged between 284 (52 week low) and 459 (52 week high) with an average of 80,321 shares exchanging hands daily. The market capitalisation at the time of writing is £450,343,954.

Helical plc is a United Kingdom-based property investment and development company, which specializes in developing and owning the office buildings in Central London. The Company’s segments include Investment properties and Development properties. 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 portfolio consists of multi-let offices, office refurbishments, developments, and a mixed-use commercial/residential scheme. The Company’s portfolio includes The JJ Mack Building, The Bower, 25 Charterhouse Square, Barts Square, The Loom, 100 New Bridge Street, 33 Charterhouse Street, EC1 and The Power House.