Numis Securities Ltd Reaffirms Buy Rating for Helical Bar plc (HLCL)

Helical Bar plc (LON:HLCL)‘s stock had its “buy” rating reiterated by investment analysts at Numis Securities Ltd in a report issued on Wednesday. They currently have a GBX 481 ($5.95) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 77.00% from the stock’s previous close.

Separately, JPMorgan Chase & Co. cut shares of Helical Bar plc to a “neutral” rating and cut their target price for the stock from GBX 540 ($6.68) to GBX 320 ($3.96) in a report on Tuesday, September 6th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 439.40 ($5.44).

Analyst Recommendations for Helical Bar plc (LON:HLCL)

Helical Bar plc (LON:HLCL) traded down 2.30% on Wednesday, reaching GBX 265.50. 35,588 shares of the company were exchanged. Helical Bar plc has a 12-month low of GBX 228.00 and a 12-month high of GBX 475.50. The company’s 50-day moving average price is GBX 286.80 and its 200-day moving average price is GBX 326.32. The stock’s market capitalization is GBX 303.42 million.

In other Helical Bar plc news, insider Bonning-Snook,Matthew purchased 477 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were bought at an average cost of GBX 282 ($3.49) per share, with a total value of £1,345.14 ($1,664.78). Also, insider Slade,Michael purchased 42,392 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was acquired at an average cost of GBX 273 ($3.38) per share, for a total transaction of £115,730.16 ($143,230.40).

About Helical Bar plc

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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