Varta (ETR:VAR1) Sets New 12-Month High at $91.20

Varta AG (ETR:VAR1) shares reached a new 52-week high during trading on Monday . The company traded as high as €91.20 ($106.05) and last traded at €90.50 ($105.23), with a volume of 22886 shares changing hands. The stock had previously closed at €89.60 ($104.19).

Several brokerages have recently weighed in on VAR1. Berenberg Bank set a €100.00 ($116.28) target price on Varta and gave the stock a “buy” rating in a research report on Monday. Hauck & Aufhaeuser set a €50.00 ($58.14) price target on Varta and gave the company a “neutral” rating in a report on Friday, July 12th. Finally, Warburg Research set a €45.00 ($52.33) price target on shares of Varta and gave the company a “sell” rating in a research note on Tuesday, September 3rd.

The company’s 50 day moving average is €74.15 and its 200 day moving average is €51.82. The company has a current ratio of 2.97, a quick ratio of 2.39 and a debt-to-equity ratio of 5.87. The stock has a market capitalization of $3.25 billion and a price-to-earnings ratio of 97.46.

Varta Company Profile (ETR:VAR1)

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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