Berenberg Bank Reiterates “€72.50” Price Target for Varta (ETR:VAR1)
Berenberg Bank set a €72.50 ($84.30) target price on Varta (ETR:VAR1) in a research note published on Friday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Warburg Research set a €45.00 ($52.33) price objective on shares of Varta and gave the stock a sell rating in a research note on Wednesday, August 7th. Hauck & Aufhaeuser set a €50.00 ($58.14) price objective on shares of Varta and gave the stock a neutral rating in a research note on Friday, July 12th.
Shares of ETR:VAR1 opened at €75.70 ($88.02) on Friday. The firm’s 50 day moving average price is €64.67 and its 200-day moving average price is €47.58. Varta has a twelve month low of €22.90 ($26.63) and a twelve month high of €75.20 ($87.44). The company has a quick ratio of 2.39, a current ratio of 2.97 and a debt-to-equity ratio of 5.87. The stock has a market capitalization of $3.06 billion and a PE ratio of 91.65.
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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