Warburg Research set a €63.00 ($73.26) price objective on Varta (ETR:VAR1) in a research report report published on Tuesday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other equities research analysts also recently weighed in on VAR1. Berenberg Bank set a €100.00 ($116.28) target price on shares of Varta and gave the company a buy rating in a research note on Wednesday, October 2nd. Hauck & Aufhaeuser set a €50.00 ($58.14) target price on shares of Varta and gave the company a neutral rating in a research note on Friday, July 12th.
Shares of VAR1 opened at €101.20 ($117.67) on Tuesday. The firm’s 50 day simple moving average is €87.59 and its 200 day simple moving average is €64.31. The company has a market capitalization of $4.09 billion and a P/E ratio of 122.52. The company has a debt-to-equity ratio of 5.87, a current ratio of 2.97 and a quick ratio of 2.39. Varta has a 1-year low of €24.30 ($28.26) and a 1-year high of €103.00 ($119.77).
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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