Ilika plc 59.6% potential upside indicated by Berenberg Bank

Broker Ratings

Ilika plc with ticker (LON:IKA) now has a potential upside of 59.6% according to Berenberg Bank.

Berenberg Bank set a target price of 260 GBX for the company, which when compared to the Ilika plc share price of 105 GBX at opening today (09/05/2022) indicates a potential upside of 59.6%. Trading has ranged between 105 (52 week low) and 230 (52 week high) with an average of 194,055 shares exchanging hands daily. The market capitalisation at the time of writing is £175,186,548.

Ilika plc is a United Kingdom-based company, which is focused on providing solid state battery technology. The Company has two product lines, Stereax microbatteries and Goliath large-format batteries. Stereax batteries are designed for industrial Internet of things (IoT) and MedTech markets. Ilika works with its ecosystem of partners to provide them with customizable Stereax micro batteries that provide the specific power requirements to their IoT or MedTech applications. Stereax micro solid state batteries are also customizable in shape and form, stackable and operational at high temperatures. The Company’s Goliath batteries are a large format Wh-level technology being developed for electric and plug-in hybrid electric vehicles and also consumer electronics. The Company has operations in the United States of America, China and Israel.

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