S&U PLC 21.8% potential upside indicated by Berenberg Bank

S&U PLC with ticker (LON:SUS) now has a potential upside of 21.8% 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 1,790 GBX at opening today (12/04/2024) indicates a potential upside of 21.8%. Trading has ranged between 1,750 (52 week low) and 2,570 (52 week high) with an average of 4,431 shares exchanging hands daily. The market capitalisation at the time of writing is £223,270,031.

S&U plc is a United Kingdom-based company that is engaged in providing motor, property bridging and specialist finance service. The Company operates through its subsidiaries, Advantage Finance Limited (Advantage Finance) and Aspen Bridging Limited (Aspen Bridging). Advantage Finance is a motor finance company that 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 dealers introduce brokers, direct to dealers and through re-finance from customers. Advantage Finance focuses on the non-prime section of the market to working customers to meet their requirement for cars for work and for family purposes. Aspen Bridging is a property bridging finance company. Aspen Bridging lends up to £10m per deal with an average loan of £900,000. It caters for the burgeoning short-term refurbishment and residential markets.