Sika AG (OTCMKTS:SXYAY) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Sika AG (OTCMKTS:SXYAYGet Rating) have earned a consensus rating of “Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $434.67.

Several research analysts recently commented on the stock. Barclays cut their price target on shares of Sika from CHF 500 to CHF 485 and set an “overweight” rating on the stock in a report on Friday, April 8th. Stifel Nicolaus upgraded shares of Sika from a “hold” rating to a “buy” rating in a report on Wednesday, February 23rd. Credit Suisse Group increased their price target on Sika from CHF 412 to CHF 414 in a report on Friday, April 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Sika from CHF 350 to CHF 405 in a research note on Friday, January 14th. Finally, Baader Bank upgraded Sika to a “buy” rating in a report on Thursday, February 3rd.

Shares of Sika stock traded up $0.38 during trading hours on Friday, reaching $26.26. The stock had a trading volume of 129,767 shares, compared to its average volume of 83,181. Sika has a 1 year low of $25.13 and a 1 year high of $41.94. The firm has a 50 day simple moving average of $31.41 and a two-hundred day simple moving average of $34.88.

The firm also recently announced a dividend, which was paid on Thursday, May 5th. Stockholders of record on Tuesday, April 19th were given a dividend of $0.1762 per share. This represents a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, April 18th.

Sika Company Profile (Get Rating)

Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and automotive industry worldwide. It offers tile adhesives and grouts, and systems for under-tile waterproofing and sound reduction, as well as renders and decorative finishes for exterior and interior walls; and develops and markets various admixtures and additives for use in concrete, cement, and mortar production, as well as flat roofing systems.

Further Reading

Analyst Recommendations for Sika (OTCMKTS:SXYAY)

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