Helical (HLCL) Price Target Raised to GBX 390

Helical (LON:HLCL) had its price target hoisted by JPMorgan Chase & Co. from GBX 375 ($5.09) to GBX 390 ($5.29) in a research report released on Monday. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on HLCL. Peel Hunt reiterated a buy rating and issued a GBX 380 ($5.15) price objective on shares of Helical in a report on Monday, January 8th. Numis Securities reiterated a buy rating and issued a GBX 469 ($6.36) price objective on shares of Helical in a report on Wednesday, October 4th. Finally, reiterated a buy rating and issued a GBX 469 ($6.36) price objective on shares of Helical in a report on Tuesday, November 14th.

Helical (LON:HLCL) traded up GBX 4 ($0.05) during midday trading on Monday, hitting GBX 346.50 ($4.70). 78,627 shares of the stock were exchanged, compared to its average volume of 76,331. Helical has a 12 month low of GBX 285 ($3.86) and a 12 month high of GBX 386.50 ($5.24). The firm has a market capitalization of $400.90 and a P/E ratio of 4,950.00.

In related news, insider Michael Slade sold 85,000 shares of the business’s stock in a transaction on Thursday, November 23rd. The shares were sold at an average price of GBX 301 ($4.08), for a total transaction of £255,850 ($346,962.30).

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About Helical

Helical plc, formerly Helical Bar plc, is a property investment and development company. The Company’s segments include Investment properties and Developments. The Company’s Investment properties segment includes the properties, which are owned ora leased by the Company for long-term income and for capital appreciation, and trading properties, which are owned or leased with the intention to sell.

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