HSBC set a €57.00 ($66.28) price objective on WashTec (ETR:WSU) in a research report released on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other research analysts also recently commented on WSU. Warburg Research set a €16.70 ($19.42) price objective on alstria office REIT and gave the company a buy rating in a report on Monday, July 8th. Hauck & Aufhaeuser set a €74.00 ($86.05) price objective on WashTec and gave the company a buy rating in a report on Monday, July 8th.

WSU opened at €50.30 ($58.49) on Wednesday. WashTec has a one year low of €47.35 ($55.06) and a one year high of €83.80 ($97.44). The stock has a market cap of $673.13 million and a P/E ratio of 21.12. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 52.90. The firm has a 50-day simple moving average of €59.44.

About WashTec

WashTec AG provides solutions for car wash in Europe, North America, and the Asia Pacific. The company produces, markets, and services a range of car wash systems with conventional brushes, cloth washers and high-pressure water jets for cars, trucks, buses, and other commercial vehicles. It also provides gantry and self-service car washes; digital systems, including payment and operator terminals or online operator management systems; water recycling systems; accessories comprising vacuum and mat cleaners, spray devices, money-changing machines, waster bins and canopies, and wash cards; conveyor tunnel systems; carwash chemicals under the Auwa brand name; brushes; spare parts; and commercial vehicle washing systems.

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