Ilika (LON:IKA) Given New GBX 100 Price Target at Berenberg Bank

Ilika (LON:IKA) had its price target trimmed by Berenberg Bank from GBX 110 ($1.36) to GBX 100 ($1.24) in a report issued on Tuesday, LSE.Co.UK reports. The firm currently has a buy rating on the stock.

Ilika Stock Performance

LON:IKA traded up GBX 2.25 ($0.03) during trading hours on Tuesday, reaching GBX 29.75 ($0.37). 86,020 shares of the stock were exchanged, compared to its average volume of 166,964. The stock has a market capitalization of £47.30 million, a P/E ratio of -743.75 and a beta of 1.99. Ilika has a 52 week low of GBX 24.99 ($0.31) and a 52 week high of GBX 60 ($0.74). The company has a quick ratio of 15.43, a current ratio of 12.20 and a debt-to-equity ratio of 2.33. The firm has a 50 day simple moving average of GBX 30.90 and a 200-day simple moving average of GBX 34.50.

About Ilika

Ilika plc designs, develops, and produces solid-state batteries under the Stereax name primarily in the United Kingdom, Asia, Europe, and North America. The company offers batteries for a range of applications in the industrial Internet of Things, MedTech, transportation, electric vehicles, and cordless consumer appliances.