Credit Suisse Group Raises Sika (OTCMKTS:SXYAY) Price Target to CHF 360

Sika (OTCMKTS:SXYAY) had its price target lifted by Credit Suisse Group from CHF 325 to CHF 360 in a research note issued to investors on Friday, The Fly reports.

A number of other analysts also recently weighed in on the stock. Societe Generale reissued a buy rating on shares of Sika in a research report on Thursday, October 28th. Morgan Stanley restated an overweight rating on shares of Sika in a report on Monday, October 25th. Stifel Nicolaus cut Sika from a buy rating to a hold rating in a report on Wednesday. Finally, Barclays increased their price target on Sika from CHF 480 to CHF 500 and gave the company an overweight rating in a research report on Friday, December 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $324.80.

Shares of OTCMKTS SXYAY opened at $36.36 on Friday. Sika has a 12 month low of $26.39 and a 12 month high of $41.94. The stock has a 50-day moving average price of $39.40 and a two-hundred day moving average price of $36.18.

About Sika

Sika AG engages in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle. It offers solutions for concrete, waterproofing, cement additives, rigid bonding, joint sealing, and tunneling and mining. The company was founded by Kaspar Winkler in 1910 and is headquartered in Baar, Switzerland.

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