WashTec (ETR:WSU) PT Set at €81.00 by Warburg Research

Warburg Research set a €81.00 ($94.19) target price on WashTec (ETR:WSU) in a research note published on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other research firms have also issued reports on WSU. HSBC set a $122.00 price objective on Tiffany & Co. and gave the company a buy rating in a research note on Friday, June 14th. Hauck & Aufhaeuser set a €74.00 ($86.05) price objective on WashTec and gave the company a buy rating in a research note on Monday.

ETR:WSU opened at €50.60 ($58.84) on Monday. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 52.90. The company has a 50 day simple moving average of €59.75. The company has a market capitalization of $673.13 million and a price-to-earnings ratio of 21.24. WashTec has a 12-month low of €47.35 ($55.06) and a 12-month high of €83.80 ($97.44).

WashTec Company Profile

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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