Hauck & Aufhã„User Reiterates “€97.00” Price Target for Varta (ETR:VAR1)

Hauck & Aufhã„User set a €97.00 ($114.12) price target on Varta (ETR:VAR1) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

Several other equities research analysts have also commented on VAR1. Hauck & Aufhaeuser set a €125.00 ($147.06) price target on Varta and gave the stock a neutral rating in a research note on Tuesday, November 17th. Kepler Capital Markets set a €94.00 ($110.59) target price on Varta and gave the company a sell rating in a report on Friday. Stifel Europe set a €97.00 ($114.12) price target on Varta and gave the stock a sell rating in a research note on Tuesday, November 24th. Warburg Research set a €85.00 ($100.00) price objective on shares of Varta and gave the company a sell rating in a research note on Thursday, February 18th. Finally, Berenberg Bank set a €145.00 ($170.59) target price on shares of Varta and gave the stock a buy rating in a research report on Thursday, November 12th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Varta has a consensus rating of Sell and an average target price of €104.67 ($123.14).

Shares of VAR1 opened at €117.30 ($138.00) on Monday. The company has a quick ratio of 0.74, a current ratio of 1.25 and a debt-to-equity ratio of 13.26. Varta has a 52-week low of €50.50 ($59.41) and a 52-week high of €181.30 ($213.29). The company has a 50-day simple moving average of €136.97 and a 200-day simple moving average of €121.35. The company has a market capitalization of $4.74 billion and a PE ratio of 102.74.

Varta Company Profile

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 measuring high blood pressure, blood sugar, and other bodily functions; 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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