Industrials REIT Ltd 20.9% potential upside indicated by Berenberg Bank

Broker Ratings

Industrials REIT Ltd with ticker (LON:MLI) now has a potential upside of 20.9% according to Berenberg Bank.

Berenberg Bank set a target price of 165 GBX for the company, which when compared to the Industrials REIT Ltd share price of 131 GBX at opening today (03/01/2023) indicates a potential upside of 20.9%. Trading has ranged between 120 (52 week low) and 202 (52 week high) with an average of 120,276 shares exchanging hands daily. The market capitalisation at the time of writing is £7,786,480,170.

Mueller Industries, Inc. is a manufacturer of copper, brass, aluminum and plastic products. The Company manufacture a range of products, including copper tube and fittings; line sets; PEX plastic tube and fittings; steel nipples; brass rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; compressed gas valves; refrigeration valves and fittings; pressure vessels; coaxial heat exchangers; and insulated flexible duct systems. It operates in the United States and in Canada, Mexico, Great Britain, South Korea, the Middle East and China. It has three segments. The Piping Systems segment is composed of Domestic Piping Systems Group, Great Lakes Copper, Heatlink Group, European Operations, Trading Group, Jungwoo-Mueller and Mueller Middle East. The Industrial Metals segment is composed of Brass Rod, Impacts & Micro Gauge and Brass Value-Added Products. The Climate segment is composed of Refrigeration Products, Westermeyer, Turbotec, Flex Duct and Linesets, Inc.

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