S&U PLC 15.3% potential upside indicated by Berenberg Bank

S&U PLC with ticker (LON:SUS) now has a potential upside of 15.3% according to Berenberg Bank.



Berenberg Bank set a target price of 2,180 GBX for the company, which when compared to the S&U PLC share price of 1,890 GBX at opening today (19/04/2024) indicates a potential upside of 15.3%. Trading has ranged between 1,750 (52 week low) and 2,570 (52 week high) with an average of 4,112 shares exchanging hands daily. The market capitalisation at the time of writing is £229,649,175.

S&U plc is a United Kingdom-based motor finance and specialist lender. The Company’s trading subsidiaries include Advantage Finance Limited (Advantage Finance) and Aspen Bridging Limited (Aspen Bridging). Advantage Finance is a motor finance company in the United Kingdom. Advantage Finance is focused on the non-prime used car market. Advantage Finance operates in the used car sector offering loans of up to £15,000 on a hire purchase (HP) basis. It accesses its market through over 40 Internet and dealer introducer brokers, direct to dealers and through re-finance from customers. It is focused on the non-prime section of the market lending to working customers to meet their requirement for cars for work and for family purposes. Aspen Bridging caters for the short-term refurbishment and residential markets. Aspen Bridging lends up to £10m per deal with an average loan of £900,000.