Ilika plc 258.2% potential upside indicated by Berenberg Bank

Ilika plc with ticker (LON:IKA) now has a potential upside of 258.2% according to Berenberg Bank.



Berenberg Bank set a target price of 120 GBX for the company, which when compared to the Ilika plc share price of 34 GBX at opening today (29/12/2023) indicates a potential upside of 258.2%. Trading has ranged between 23 (52 week low) and 72 (52 week high) with an average of 215,616 shares exchanging hands daily. The market capitalisation at the time of writing is £58,820,814.

Ilika plc is a United Kingdom-based company. The Company is engaged in developing and commercializing its cutting-edge solid-state batteries. The Company develops and commercializes its thin-film Stereax miniature solid-state batteries for powering implantable medical devices and industrial wireless sensors (IIoT) in specialist environments, as well as progressing the development of its large-format Goliath cells for electric vehicles (EV) and cordless appliances. It has a secured lease of approximately 1,600 square meters property for Stereax manufacturing scale-up and installed over 340 square meters clean room facility. The Company is enabling solutions for applications, such as industrial Internet of things (IoT), MedTech, electric vehicles (EV) and consumer electronics. The Company has its operations in the United States of America, China and Israel.