Varta (ETR:VAR1) Given a €102.00 Price Target at The Goldman Sachs Group

The Goldman Sachs Group set a €102.00 ($105.15) price target on Varta (ETR:VAR1Get Rating) in a research report report published on Monday, Borsen Zeitung reports.

VAR1 has been the topic of several other research reports. Berenberg Bank set a €95.00 ($97.94) price target on Varta in a report on Thursday, May 19th. Warburg Research set a €95.00 ($97.94) price target on Varta in a report on Friday, May 13th. Stifel Nicolaus set a €74.00 ($76.29) price target on Varta in a report on Thursday, April 7th. Finally, JPMorgan Chase & Co. set a €95.00 ($97.94) price target on Varta in a report on Friday, May 13th.

Varta Stock Down 3.5 %

Shares of Varta stock opened at €76.44 ($78.80) on Monday. Varta has a one year low of €67.88 ($69.98) and a one year high of €165.90 ($171.03). The company has a debt-to-equity ratio of 18.29, a current ratio of 1.55 and a quick ratio of 0.92. The stock’s 50-day moving average is €80.51 and its 200 day moving average is €86.67. The firm has a market cap of $3.09 billion and a price-to-earnings ratio of 29.66.

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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