Varta (ETR:VAR1) PT Set at €70.00 by Berenberg Bank
Berenberg Bank set a €70.00 ($81.40) price objective on Varta (ETR:VAR1) in a report issued on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other brokerages have also commented on VAR1. Hauck & Aufhaeuser set a €50.00 ($58.14) price target on shares of Gerresheimer and gave the company a sell rating in a research note on Friday, July 12th. Warburg Research set a €42.00 ($48.84) price objective on shares of Varta and gave the company a sell rating in a report on Thursday, June 20th.
Shares of VAR1 opened at €67.60 ($78.60) on Friday. Varta has a 52 week low of €22.42 ($26.07) and a 52 week high of €69.00 ($80.23). The firm has a market cap of $2.73 billion and a price-to-earnings ratio of 102.42. The firm has a 50-day moving average of €55.24. The company has a debt-to-equity ratio of 8.09, a quick ratio of 1.78 and a current ratio of 2.50.
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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