Smart Metering Systems PLC -10.3% potential downside indicated by Barclays

Broker Ratings

Smart Metering Systems PLC with ticker (LON:SMS) now has a potential downside of -10.3% according to Barclays.

Barclays set a target price of 740 GBX for the company, which when compared to the Smart Metering Systems PLC share price of 816 GBX at opening today (20/09/2022) indicates a potential downside of -10.3%. Trading has ranged between 670 (52 week low) and 968 (52 week high) with an average of 290,012 shares exchanging hands daily. The market capitalisation at the time of writing is £1,073,782,255.

Smart Metering Systems plc is a United Kingdom-based fully integrated energy infrastructure company. The Company installs and manages smart meters, energy data, grid-scale battery storage and other carbon reduction (CaRe) assets. It provides a full end-to-end service, from funding and installation to management and maintenance services. The Company manages and optimizes these assets through its in-house technology and data analytical platform METIS. The Company operates through three segments: Asset Management, Asset Installation and Energy Management. Its Asset Management segment consists of regulated management of gas meters, electric meters and ADM units within the United Kingdom. Its Asset Installation segment consists of installation of domestic and I&C gas meters and electricity meters throughout the United Kingdom. Its Energy Management segment consists of provision of energy consultancy services and management of distributed energy resources (DER) assets.

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