Sika (OTCMKTS:SXYAY) Downgraded by Stifel Nicolaus

Stifel Nicolaus lowered shares of Sika (OTCMKTS:SXYAY – Get Rating) from a buy rating to a hold rating in a research report report published on Wednesday, The Fly reports.

Separately, Morgan Stanley lowered their target price on shares of Sika from CHF 295 to CHF 285 and set an overweight rating on the stock in a research note on Thursday, January 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $295.50.

Sika Trading Up 0.6 %

Shares of OTCMKTS SXYAY opened at $28.29 on Wednesday. Sika has a 1-year low of $19.38 and a 1-year high of $34.60. The firm’s 50-day moving average price is $27.44 and its 200-day moving average price is $24.67.

Sika Company Profile

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Sika AG engages in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle. It offers solutions for concrete, waterproofing, cement additives, rigid bonding, joint sealing, and tunneling and mining. The company was founded by Kaspar Winkler in 1910 and is headquartered in Baar, Switzerland.