Hauck & Aufhaeuser Reiterates “€50.00” Price Target for Varta (ETR:VAR1)

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Hauck & Aufhaeuser set a €50.00 ($58.14) target price on Varta (ETR:VAR1) in a report released on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. Warburg Research set a €42.00 ($48.84) price objective on shares of Varta and gave the stock a sell rating in a report on Thursday, June 20th. Berenberg Bank set a €16.00 ($18.60) price objective on shares of SAF-HOLLAND and gave the stock a buy rating in a report on Friday, June 7th.

Shares of VAR1 opened at €53.30 ($61.98) on Friday. The company has a market cap of $2.15 billion and a price-to-earnings ratio of 80.76. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 8.09. Varta has a fifty-two week low of €22.42 ($26.07) and a fifty-two week high of €55.80 ($64.88). The business has a 50 day simple moving average of €50.68.

About Varta

Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries and energy storage solutions worldwide. It operates through two segments, Microbatteries and Power & Energy. The Microbatteries segment offers zinc-air batteries for use in hearing aid devices; lithium-ion battery solutions for wireless headphones, and other wearable applications, as well as for electrical devices, including Bluetooth headsets and medical devices for high blood pressure, blood sugar, and body monitors; and rechargeable battery solutions for server applications, including car keys, alarm systems, or smart meters for industrial and original equipment manufacturers (OEMs).

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