Other analysts have also issued research reports about the stock. Stifel Nicolaus set a €74.00 ($80.43) price target on shares of Varta in a research report on Thursday, April 7th. JPMorgan Chase & Co. set a €113.00 ($122.83) price target on shares of Varta in a research report on Friday, April 1st. Finally, Berenberg Bank set a €105.00 ($114.13) price objective on shares of Varta in a research note on Tuesday, April 5th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of €94.33 ($102.54).
ETR VAR1 opened at €87.46 ($95.07) on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.46 and a debt-to-equity ratio of 20.66. The firm has a market capitalization of $3.54 billion and a price-to-earnings ratio of 38.03. The firm’s 50 day simple moving average is €91.38 and its 200 day simple moving average is €106.33. Varta has a 1 year low of €78.50 ($85.33) and a 1 year high of €165.90 ($180.33).
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.
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