Sika (OTCMKTS:SXYAY) Price Target Cut to CHF 384

Sika (OTCMKTS:SXYAY – Get Rating) had its price target cut by Credit Suisse Group from CHF 414 to CHF 384 in a report released on Tuesday, The Fly reports. They currently have an outperform rating on the stock.

SXYAY has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their target price on Sika from CHF 333 to CHF 277 in a research note on Monday, July 25th. Berenberg Bank upped their target price on Sika from CHF 325 to CHF 370 in a research note on Friday, May 20th. Finally, Barclays cut their target price on Sika from CHF 320 to CHF 310 in a research note on Tuesday, July 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $349.20.

Sika Price Performance

Shares of OTCMKTS SXYAY opened at $24.97 on Tuesday. The business’s 50 day moving average is $24.03 and its two-hundred day moving average is $28.97. Sika has a 1-year low of $21.60 and a 1-year high of $41.94.

Sika Company Profile

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Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and automotive industry worldwide. It offers tile adhesives and grouts, and systems for under-tile waterproofing and sound reduction, as well as renders and decorative finishes for exterior and interior walls; and develops and markets various admixtures and additives for use in concrete, cement, and mortar production, as well as flat roofing systems.