Berenberg Bank Analysts Give Varta (ETR:VAR1) a €75.00 Price Target

Berenberg Bank set a €75.00 ($77.32) target price on Varta (ETR:VAR1Get Rating) in a research note issued to investors on Wednesday morning, Borsen Zeitung reports.

Several other equities analysts also recently weighed in on VAR1. The Goldman Sachs Group set a €102.00 ($105.15) target price on shares of Varta in a research note on Monday, August 1st. Hauck Aufhäuser In… set a €64.00 ($65.98) price objective on shares of Varta in a research note on Monday, August 1st. Stifel Nicolaus set a €74.00 ($76.29) price objective on shares of Varta in a research note on Thursday, April 7th. Warburg Research set a €65.50 ($67.53) price objective on shares of Varta in a research note on Monday, August 1st. Finally, JPMorgan Chase & Co. set a €95.00 ($97.94) price objective on shares of Varta in a research note on Monday, August 1st.

Varta Price Performance

VAR1 opened at €80.18 ($82.66) on Wednesday. The company has a market capitalization of $3.24 billion and a price-to-earnings ratio of 30.26. The company has a quick ratio of 0.92, a current ratio of 1.55 and a debt-to-equity ratio of 18.29. The firm has a 50-day moving average price of €80.48 and a 200-day moving average price of €86.16. Varta has a twelve month low of €67.88 ($69.98) and a twelve month high of €165.90 ($171.03).

Varta Company Profile

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Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries, household batteries, and energy storage solutions worldwide. It operates in two segments, Lithium-Ion Solutions & Microbatteries and Household Batteries. The Lithium-Ion Solutions & Microbatteries segment offers zinc-air batteries primarily for use in hearing aid devices; lithium-ion battery solutions for wireless headphones; wearables, which include medical devices to measure hypertension, blood sugar, and other bodily functions, as well as the power supply for COVID19 antibody tests; and rechargeable battery solutions for industrial and original equipment manufacturers for use in various applications, such as servers, car keys, alarm systems, or smart meters.

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