Varta-share breaks down significantly – many customers migrate to the competition

Many analysts have taken their price forecasts for the value of significantly. At times, the Varta-share loses in the Xetra-System of over 20 percent. Finally,

Varta-share breaks down significantly – many customers migrate to the competition

Many analysts have taken their price forecasts for the value of significantly. At times, the Varta-share loses in the Xetra-System of over 20 percent. Finally, the papers quoted a good 19 per cent in the Minus 94,50 Euro. VARTA 92,00 EUR -25,60 (-21,77%) Xetra

  • 1 day
  • 6 months
To be charged the price data

Commerzbank study Varta

A Commerzbank Study on competitive pressure for Varta has charged the shares of battery manufacturer on Wednesday morning. They fell on the trading platform Tradegate compared to the Xetra closing to 2.21 percent on 115,40 EUR. Although the business of the MDax-listed group were fundamentally good, but have shown the report by a short seller successes of Chinese competition in electronics companies such as Samsung , Sony, and JBL, wrote analysts at Commerzbank. Varta had been the Situation until December aware.

With the SCC-exchange of letters next to values, and in the short term and the long term Top return on investment! (Partner quote) Here is an exclusive 30-day free trial! The company's customers have reduced because of the strong demand, the can use Varta is probably not completely have, also on other suppliers. However, the Varta patent infringements made by the Chinese competitors and go legally against you.

Given the uncertainty in this matter, the analysts strokes, but their buy recommendation for the Varta shares with an unchanged target price of 135 Euro. You rates now to "Hold".

Strong ongoing business of Varta had driven the papers in the past year, from High to High. At the beginning of December, it reached its preliminary record of 128 Euro. Overall, the rate in 2019 increased by nearly 388 percent. Against this Background, it could come according to a dealer now to profit-taking. Arctic outbreak brought to us in January, up to 2.50 meters of new snow PCP Arctic outbreak brought to us in January, up to 2.50 meters of new snow

ham/dpa-AFX
Updated Date: 09 January 2020, 01:01

FOCUS

FOCUS

You need to login to comment.

Please register or login.

RELATED NEWS