Credit Suisse Group Lowers Wallbox (NYSE:WBX) Price Target to $11.00

Wallbox (NYSE:WBXGet Rating) had its target price decreased by equities researchers at Credit Suisse Group to $11.00 in a report issued on Wednesday, Stock Target Advisor reports. Credit Suisse Group’s target price would indicate a potential upside of 96.08% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Barclays initiated coverage on shares of Wallbox in a research note on Friday, August 5th. They issued an “overweight” rating and a $14.00 target price on the stock. Stifel Nicolaus cut their target price on shares of Wallbox from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 11th. Robert W. Baird cut their target price on shares of Wallbox from $20.00 to $14.00 in a research note on Thursday, November 10th. Finally, Canaccord Genuity Group cut their target price on shares of Wallbox from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, November 10th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.10.

Wallbox Trading Down 0.7 %

Shares of WBX stock opened at $5.61 on Wednesday. Wallbox has a 12 month low of $5.01 and a 12 month high of $17.60. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average price is $7.26 and its two-hundred day moving average price is $8.75.

Institutional Investors Weigh In On Wallbox

A number of institutional investors have recently modified their holdings of WBX. Advisors Asset Management Inc. grew its position in Wallbox by 207.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,024 shares of the company’s stock worth $47,000 after purchasing an additional 4,065 shares during the last quarter. Creative Planning bought a new position in Wallbox in the 3rd quarter worth about $81,000. LPL Financial LLC bought a new position in Wallbox in the 2nd quarter worth about $98,000. State of Tennessee Treasury Department bought a new position in Wallbox in the 1st quarter worth about $193,000. Finally, Goldman Sachs Group Inc. bought a new position in Wallbox in the 1st quarter worth about $237,000. Institutional investors own 4.13% of the company’s stock.

Wallbox Company Profile

(Get Rating)

Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use. The company operates in three segments: Europe-Middle East Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, an AC smart charger for home or multi-family residence; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle, and enables to use car battery to power home or sell energy back to the grid; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks.

Read More

Stock Target Advisor logo

Analyst Recommendations for Wallbox (NYSE:WBX)

Receive News & Ratings for Wallbox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wallbox and related companies with MarketBeat.com's FREE daily email newsletter.