Warburg Research Analysts Give WashTec (ETR:WSU) a €81.00 Price Target

Warburg Research set a €81.00 ($94.19) target price on WashTec (ETR:WSU) in a report published on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently issued reports on WSU. Hauck & Aufhaeuser set a €74.00 ($86.05) price objective on WashTec and gave the stock a buy rating in a report on Monday. HSBC set a $122.00 price target on Tiffany & Co. and gave the company a buy rating in a research note on Friday, June 14th.

Shares of WSU stock traded up €0.45 ($0.52) during trading hours on Monday, hitting €50.10 ($58.26). The company had a trading volume of 27,372 shares, compared to its average volume of 30,458. WashTec has a 12 month low of €47.35 ($55.06) and a 12 month high of €83.80 ($97.44). The company has a market cap of $670.45 million and a price-to-earnings ratio of 21.03. The stock’s fifty day moving average is €60.07. The company has a debt-to-equity ratio of 52.90, a current ratio of 1.06 and a quick ratio of 0.68.

About WashTec

WashTec AG provides solutions for car wash in Europe, North America, and the Asia Pacific. The company produces, markets, and services a range of car wash systems with conventional brushes, cloth washers and high-pressure water jets for cars, trucks, buses, and other commercial vehicles. It also provides gantry and self-service car washes; digital systems, including payment and operator terminals or online operator management systems; water recycling systems; accessories comprising vacuum and mat cleaners, spray devices, money-changing machines, waster bins and canopies, and wash cards; conveyor tunnel systems; carwash chemicals under the Auwa brand name; brushes; spare parts; and commercial vehicle washing systems.

Read More: Hold Rating

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