Varta (VAR1) Given a €38.00 Price Target at Hauck & Aufhaeuser

Varta (ETR:VAR1) received a €38.00 ($44.19) target price from equities researchers at Hauck & Aufhaeuser in a research note issued on Wednesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Hauck & Aufhaeuser’s price target suggests a potential downside of 8.54% from the company’s current price.

Separately, Berenberg Bank set a €43.00 ($50.00) target price on shares of Varta and gave the company a “buy” rating in a research note on Friday, March 29th.

Shares of ETR:VAR1 opened at €41.55 ($48.31) on Wednesday. The firm has a market cap of $1.55 billion and a price-to-earnings ratio of 62.95. Varta has a 12-month low of €21.22 ($24.67) and a 12-month high of €43.25 ($50.29).

About Varta

Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries and energy storage solutions worldwide. It operates through two segments, Microbatteries and Power & Energy. The Microbatteries segment offers zinc-air batteries for use in hearing aid devices; lithium-ion battery solutions for wireless headphones, and other wearable applications, as well as for electrical devices, including Bluetooth headsets and medical devices for high blood pressure, blood sugar, and body monitors; and rechargeable battery solutions for server applications, including car keys, alarm systems, or smart meters for industrial and original equipment manufacturers (OEMs).

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