Varta (ETR:VAR1) PT Set at €63.00 by Kepler Capital Markets

Kepler Capital Markets set a €63.00 ($73.26) target price on Varta (ETR:VAR1) in a report issued on Tuesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

A number of other research analysts have also commented on the stock. Warburg Research set a €63.00 ($73.26) price target on shares of Varta and gave the company a sell rating in a research report on Thursday, January 16th. Berenberg Bank set a €125.00 ($145.35) price target on shares of Varta and gave the company a buy rating in a research report on Thursday, January 9th.

VAR1 opened at €84.80 ($98.60) on Tuesday. The company has a fifty day moving average price of €109.07 and a 200-day moving average price of €89.99. The firm has a market capitalization of $3.43 billion and a P/E ratio of 128.48. The company has a debt-to-equity ratio of 5.53, a current ratio of 2.49 and a quick ratio of 1.86. Varta has a one year low of €29.50 ($34.30) and a one year high of €128.00 ($148.84).

About Varta

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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