Stifel Nicolaus cut shares of Sika (OTCMKTS:SXYAY) from a buy rating to a hold rating in a research report released on Wednesday, The Fly reports.
Several other research analysts have also weighed in on the company. Barclays boosted their price target on Sika from CHF 480 to CHF 500 and gave the stock an overweight rating in a research report on Friday, December 10th. Societe Generale reiterated a buy rating on shares of Sika in a report on Thursday, October 28th. Credit Suisse Group reaffirmed an outperform rating on shares of Sika in a report on Thursday, November 18th. Finally, Morgan Stanley reissued an overweight rating on shares of Sika in a report on Monday, October 25th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Sika presently has a consensus rating of Buy and an average target price of $324.80.
Shares of OTCMKTS SXYAY opened at $36.36 on Wednesday. The company has a fifty day moving average price of $39.40 and a 200 day moving average price of $36.18. Sika has a 1-year low of $26.39 and a 1-year high of $41.94.
Sika AG engages in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle. It offers solutions for concrete, waterproofing, cement additives, rigid bonding, joint sealing, and tunneling and mining. The company was founded by Kaspar Winkler in 1910 and is headquartered in Baar, Switzerland.
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