Warpaint London PLC 29.5% potential upside indicated by Berenberg Bank

Warpaint London PLC with ticker (LON:W7L) now has a potential upside of 29.5% according to Berenberg Bank.

W7L.L

Berenberg Bank set a target price of 680 GBX for the company, which when compared to the Warpaint London PLC share price of 525 GBX at opening today (04/11/2024) indicates a potential upside of 29.5%. Trading has ranged between 307 (52 week low) and 650 (52 week high) with an average of 260,118 shares exchanging hands daily. The market capitalisation at the time of writing is £399,255,510.

Warpaint London plc is a United Kingdom-based specialist supplier of color cosmetics and owner of the W7 and Technic brands. The Company operates through two segments: Branded and Close-out. The Branded segment relates to the sale of own branded products. The Close-out segment relates to the purchase of third-party stock which is then repackaged for sale. The W7 brand is sold in the United Kingdom primarily to retailers and internationally to local distributors or retail chains. The Technic brand is sold in the United Kingdom and continental Europe with a significant focus on the gifting market, principally for high street retailers and supermarkets. In addition, the Company supplies own brand white label cosmetics produced for several high street retailers. It also sells cosmetics under its other brand names of Man’stuff, Body Collection and Chit Chat, each targeting a different demographic. Aimed at pre-teens, Chit Chat offers a range of cosmetics, accessories and toiletries.