Sika (OTCMKTS:SXYAY) Given New CHF 384 Price Target at Credit Suisse Group

Sika (OTCMKTS:SXYAYGet Rating) had its price objective trimmed by Credit Suisse Group from CHF 414 to CHF 384 in a research note published on Tuesday morning, The Fly reports. The brokerage currently has an outperform rating on the stock.

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

Sika Stock Down 1.9 %

SXYAY stock opened at $24.12 on Tuesday. The firm’s fifty day simple moving average is $24.16 and its 200-day simple moving average is $29.15. Sika has a 12 month low of $21.60 and a 12 month 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.

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