HSBC set a €57.00 ($66.28) price target on WashTec (ETR:WSU) in a research note released on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other equities research analysts also recently issued reports on the company. Hauck & Aufhaeuser set a €74.00 ($86.05) price target on WashTec and gave the company a buy rating in a research report on Monday, July 8th. Warburg Research set a €16.70 ($19.42) price objective on alstria office REIT and gave the stock a buy rating in a research note on Monday, July 8th.
Shares of ETR:WSU opened at €50.30 ($58.49) on Wednesday. The stock has a market capitalization of $673.13 million and a P/E ratio of 21.12. The company has a debt-to-equity ratio of 52.90, a quick ratio of 0.68 and a current ratio of 1.06. WashTec has a 52 week low of €47.35 ($55.06) and a 52 week high of €83.80 ($97.44). The firm has a fifty day simple moving average of €59.44.
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.
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