Warburg Research Reiterates “€42.00” Price Target for Varta (VAR1)

Varta (ETR:VAR1) has been assigned a €42.00 ($48.84) price target by equities research analysts at Warburg Research in a note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Warburg Research’s target price suggests a potential downside of 9.87% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Berenberg Bank set a €43.00 ($50.00) target price on shares of Varta and gave the stock a “buy” rating in a report on Friday, March 29th. Hauck & Aufhaeuser set a €33.60 ($39.07) target price on shares of Varta and gave the stock a “neutral” rating in a report on Monday, March 4th.

Varta stock opened at €46.60 ($54.19) on Monday. The stock has a market capitalization of $1.73 billion and a PE ratio of 70.61. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.50 and a quick ratio of 1.78. Varta has a 12-month low of €22.22 ($25.84) and a 12-month high of €51.90 ($60.35).

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).

Further Reading: What is a short straddle?

Receive News & Ratings for Varta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varta and related companies with MarketBeat.com's FREE daily email newsletter.