Wallbox (NYSE:WBX) Receives Consensus Rating of “Buy” from Brokerages

Shares of Wallbox (NYSE:WBXGet Rating) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $20.40.

A number of brokerages recently commented on WBX. Chardan Capital began coverage on Wallbox in a research note on Thursday, March 31st. They issued a “buy” rating and a $19.00 target price for the company. UBS Group dropped their price objective on Wallbox from $25.00 to $18.00 in a research note on Wednesday, May 18th. Cowen initiated coverage on Wallbox in a research note on Wednesday. They set an “outperform” rating for the company. Finally, Cowen initiated coverage on Wallbox in a research note on Wednesday. They set an “outperform” rating and a $14.00 price objective for the company.

Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN acquired a new stake in shares of Wallbox in the fourth quarter valued at $40,000. Maven Securities LTD bought a new position in Wallbox in the fourth quarter valued at about $93,000. Penserra Capital Management LLC bought a new position in Wallbox during the fourth quarter worth about $148,000. Virtu Financial LLC bought a new position in Wallbox during the fourth quarter worth about $164,000. Finally, Janney Montgomery Scott LLC bought a new position in Wallbox during the fourth quarter worth about $173,000. Institutional investors own 33.20% of the company’s stock.

Shares of NYSE WBX opened at $9.85 on Wednesday. The business has a fifty day simple moving average of $11.90 and a 200 day simple moving average of $13.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.48. Wallbox has a one year low of $8.30 and a one year high of $27.50.

Wallbox Company Profile (Get Rating)

Wallbox N.V., a technology company, creates electric vehicle charging and energy management systems that redefine users' relationship to the grid. It provides a portfolio of charging and energy management solutions for residential, semi-public, and public use worldwide. The company was founded in 2015 and is headquatered in Barcelona, Spain.

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Analyst Recommendations for Wallbox (NYSE:WBX)

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