Warburg Research set a €42.00 ($48.84) price objective on Varta (ETR:VAR1) in a report issued on Thursday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
VAR1 has been the subject of several other reports. Berenberg Bank set a €55.00 ($63.95) price target on Varta and gave the stock a buy rating in a research report on Friday, June 7th. Hauck & Aufhaeuser set a €38.00 ($44.19) price target on Varta and gave the stock a neutral rating in a research report on Wednesday, May 29th.
VAR1 opened at €52.50 ($61.05) on Thursday. Varta has a 52 week low of €22.38 ($26.02) and a 52 week high of €54.50 ($63.37). The firm has a market cap of $1.95 billion and a PE ratio of 79.55. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 8.09.
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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