The Goldman Sachs Group set a €102.00 ($105.15) price target on Varta (ETR:VAR1 – Get 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
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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