Sika AG (OTCMKTS:SXYAY – Get Rating) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 3,300 shares, a decline of 78.4% from the May 15th total of 15,300 shares. Based on an average daily volume of 219,600 shares, the short-interest ratio is currently 0.0 days.
A number of research analysts recently issued reports on SXYAY shares. Barclays decreased their target price on shares of Sika from CHF 500 to CHF 485 and set an “overweight” rating for the company in a research report on Friday, April 8th. Credit Suisse Group boosted their target price on shares of Sika from CHF 412 to CHF 414 in a research report on Friday, April 8th. Stifel Nicolaus raised shares of Sika from a “hold” rating to a “buy” rating in a report on Wednesday, February 23rd. Berenberg Bank lifted their price objective on shares of Sika from CHF 325 to CHF 370 in a report on Friday, May 20th. Finally, JPMorgan Chase & Co. started coverage on shares of Sika in a report on Thursday, March 17th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $341.64.
SXYAY stock opened at $24.91 on Friday. The firm has a 50-day simple moving average of $29.25 and a 200-day simple moving average of $33.52. Sika has a 52 week low of $24.69 and a 52 week high of $41.94.
Sika Company Profile (Get Rating)
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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