Varta (ETR:VAR1) Given a €110.00 Price Target at Warburg Research

Varta (ETR:VAR1Get Rating) has been assigned a €110.00 ($118.28) target price by stock analysts at Warburg Research in a note issued to investors on Wednesday, Borsen Zeitung reports. Warburg Research’s price objective would suggest a potential upside of 25.37% from the company’s current price.

VAR1 has been the subject of a number of other research reports. JPMorgan Chase & Co. set a €113.00 ($121.51) price objective on Varta in a research note on Friday, April 1st. Berenberg Bank set a €105.00 ($112.90) price objective on Varta in a research note on Tuesday, April 5th. Finally, Stifel Nicolaus set a €74.00 ($79.57) price objective on Varta in a research note on Thursday, April 7th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of €94.33 ($101.43).

VAR1 opened at €87.74 ($94.34) on Wednesday. The business has a 50 day moving average of €90.73 and a 200-day moving average of €105.49. The stock has a market cap of $3.55 billion and a PE ratio of 38.15. Varta has a 52 week low of €78.50 ($84.41) and a 52 week high of €165.90 ($178.39). The company has a quick ratio of 0.46, a current ratio of 0.98 and a debt-to-equity ratio of 20.66.

Varta Company Profile (Get Rating)

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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