Berenberg Bank set a €125.00 ($147.06) price objective on Varta (ETR:VAR1) in a research report report published on Wednesday, Borsen Zeitung reports.
A number of other research analysts have also weighed in on the company. DZ Bank reissued a neutral rating on shares of Varta in a report on Friday, June 18th. Kepler Capital Markets set a €96.00 ($112.94) target price on Varta in a report on Thursday, August 19th. Finally, Warburg Research set a €83.00 ($97.65) target price on Varta in a report on Monday, August 16th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, Varta presently has an average rating of Sell and a consensus price target of €102.00 ($120.00).
VAR1 stock opened at €117.15 ($137.82) on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.59 and a debt-to-equity ratio of 22.93. The firm has a market capitalization of $4.74 billion and a PE ratio of 47.44. Varta has a 1-year low of €99.20 ($116.71) and a 1-year high of €181.30 ($213.29). The business’s 50 day simple moving average is €136.70 and its 200 day simple moving average is €130.23.
Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries, household batteries, and energy storage solutions worldwide. It operates through two segments, Microbatteries & Solutions and Household batteries. The Microbatteries & Solutions 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 measuring high blood pressure, blood sugar, and other bodily functions, as well as power supply for Covid-19 antibody tests; and rechargeable battery solutions for use in applications, such as servers, car keys, alarm systems and smart meters, and others for industrial and original equipment manufacturers.
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