Varta (ETR:VAR1) PT Set at €83.00 by Warburg Research

Varta (ETR:VAR1) has been assigned a €83.00 ($97.65) target price by research analysts at Warburg Research in a report issued on Friday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Warburg Research’s price objective would indicate a potential downside of 29.30% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Berenberg Bank set a €125.00 ($147.06) price objective on Varta and gave the stock a “neutral” rating in a report on Friday, April 30th. Hauck & Aufhã„User set a €97.00 ($114.12) price objective on Varta and gave the stock a “sell” rating in a report on Monday, February 22nd. Kepler Capital Markets set a €87.00 ($102.35) price objective on Varta and gave the stock a “sell” rating in a report on Wednesday. DZ Bank reiterated a “buy” rating on shares of Varta in a report on Wednesday. Finally, Stifel Nicolaus set a €92.00 ($108.24) price target on Varta and gave the company a “sell” rating in a report on Thursday, March 18th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of €100.86 ($118.66).

VAR1 opened at €117.40 ($138.12) on Friday. The stock has a fifty day simple moving average of €121.53 and a two-hundred day simple moving average of €121.69. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 15.64. The company has a market cap of $4.75 billion and a price-to-earnings ratio of 47.63. Varta has a 12-month low of €84.50 ($99.41) and a 12-month high of €181.30 ($213.29).

About Varta

Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries, household batteries, and energy storage solutions worldwide. It operates through two segments, Microbatteries & Solutions and Household batteries. The Microbatteries & Solutions 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 measuring high blood pressure, blood sugar, and other bodily functions, as well as power supply for Covid-19 antibody tests; and rechargeable battery solutions for use in applications, such as servers, car keys, alarm systems and smart meters, and others for industrial and original equipment manufacturers.

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Analyst Recommendations for Varta (ETR:VAR1)

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