Warburg Research Analysts Give Varta (ETR:VAR1) a €110.00 Price Target

Warburg Research set a €110.00 ($119.57) price target on Varta (ETR:VAR1Get Rating) in a research note published on Thursday, Borsen Zeitung reports.

Several other research firms have also recently commented on VAR1. JPMorgan Chase & Co. set a €113.00 ($122.83) target price on Varta in a research report on Friday, April 1st. Stifel Nicolaus set a €74.00 ($80.43) target price on Varta in a research report on Thursday, April 7th. Finally, Berenberg Bank set a €105.00 ($114.13) target price on Varta in a research report on Tuesday, April 5th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of €94.33 ($102.54).

ETR:VAR1 opened at €86.96 ($94.52) on Thursday. The company has a debt-to-equity ratio of 20.66, a quick ratio of 0.46 and a current ratio of 0.98. Varta has a 52-week low of €78.50 ($85.33) and a 52-week high of €165.90 ($180.33). The firm has a market cap of $3.52 billion and a price-to-earnings ratio of 37.81. The business’s fifty day moving average is €91.04 and its 200 day moving average is €105.90.

Varta Company Profile (Get Rating)

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.

See Also

Analyst Recommendations for Varta (ETR:VAR1)

Receive News & Ratings for Varta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varta and related companies with MarketBeat.com's FREE daily email newsletter.