Varta (ETR:VAR1 – Get Rating) has been assigned a €102.00 ($106.25) price target by The Goldman Sachs Group in a note issued to investors on Monday, Borsen Zeitung reports. The Goldman Sachs Group’s target price indicates a potential upside of 17.11% from the company’s current price.
Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. set a €95.00 ($98.96) target price on Varta in a research report on Friday, May 13th. Berenberg Bank set a €95.00 ($98.96) price objective on Varta in a research note on Thursday, May 19th. Stifel Nicolaus set a €74.00 ($77.08) price objective on Varta in a research note on Thursday, April 7th. Finally, Warburg Research set a €95.00 ($98.96) price objective on Varta in a research note on Friday, May 13th.
Shares of ETR:VAR1 traded up €4.50 ($4.69) during midday trading on Monday, reaching €87.10 ($90.73). 452,489 shares of the company’s stock traded hands. Varta has a 1 year low of €67.88 ($70.71) and a 1 year high of €165.90 ($172.81). The company has a market cap of $3.52 billion and a P/E ratio of 32.63. The company has a debt-to-equity ratio of 18.29, a quick ratio of 0.92 and a current ratio of 1.55. The company has a fifty day simple moving average of €83.81 and a two-hundred day simple moving average of €94.04.
Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries, household batteries, and energy storage solutions worldwide. It operates in two segments, Lithium-Ion Solutions & Microbatteries and Household Batteries. The Lithium-Ion Solutions & Microbatteries segment offers zinc-air batteries primarily for use in hearing aid devices; lithium-ion battery solutions for wireless headphones; wearables, which include medical devices to measure hypertension, blood sugar, and other bodily functions, as well as the power supply for COVID19 antibody tests; and rechargeable battery solutions for industrial and original equipment manufacturers for use in various applications, such as servers, car keys, alarm systems, or smart meters.
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