Varta (ETR:VAR1) PT Set at €55.00 by Berenberg Bank

Berenberg Bank set a €55.00 ($63.95) price target on Varta (ETR:VAR1) in a report published on Friday, June 7th, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Hauck & Aufhaeuser set a €38.00 ($44.19) target price on shares of Varta and gave the company a neutral rating in a research note on Wednesday, May 8th. Warburg Research set a €42.00 ($48.84) target price on shares of Varta and gave the company a sell rating in a research note on Monday, June 3rd.

Varta stock traded up €0.90 ($1.05) during mid-day trading on Friday, reaching €54.60 ($63.49). 45,868 shares of the company’s stock traded hands. Varta has a 12-month low of €22.38 ($26.02) and a 12-month high of €54.60 ($63.49). The stock has a market capitalization of $2.21 billion and a P/E ratio of 82.73. The company has a debt-to-equity ratio of 8.09, a quick ratio of 1.78 and a current ratio of 2.50. The firm’s 50 day moving average price is €48.22.

Varta Company Profile

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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