Solid State (LON:SOLI) Given New GBX 245 Price Target at Berenberg Bank

Solid State (LON:SOLI) had its price objective raised by equities research analysts at Berenberg Bank from GBX 240 to GBX 245 in a research note issued to investors on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 51.23% from the company’s current price.

Solid State Trading Up 16.1%

SOLI opened at GBX 162 on Wednesday. The firm has a market cap of £91.90 million, a price-to-earnings ratio of 38.57 and a beta of 0.67. The company has a current ratio of 2.11, a quick ratio of 0.98 and a debt-to-equity ratio of 28.65. Solid State has a 12 month low of GBX 135 and a 12 month high of GBX 210. The stock has a fifty day moving average price of GBX 156.79 and a 200-day moving average price of GBX 157.69.

About Solid State

Solid State plc (AIM:SOLI) is a leading value-added electronics group supplying commercial, industrial and defence markets with durable components, assemblies and manufactured systems for use in critical applications, with a particular emphasis on harsh operational environments. Solid State’s products are found around the world, from the ocean floor to the edge of space, ensuring the smooth operation of systems that augment our everyday lives.

The company has a core focus on industrial and ruggedised computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays.

Operating through two divisions (systems and components) the group thrives on complex engineering challenges, often requiring design-in support and component sourcing.