WashTec (ETR:WSU) PT Set at €70.00 by Hauck & Aufhaeuser

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Hauck & Aufhaeuser set a €70.00 ($81.40) price target 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 brokerages have also recently weighed in on WSU. HSBC set a €57.00 ($66.28) price target on shares of WashTec and gave the stock a neutral rating in a research note on Wednesday, December 18th. Warburg Research set a €60.50 ($70.35) price target on shares of WashTec and gave the stock a buy rating in a research note on Thursday, March 19th.

Shares of WSU opened at €34.70 ($40.35) on Monday. The stock has a market capitalization of $464.37 million and a P/E ratio of 19.07. WashTec has a twelve month low of €28.85 ($33.55) and a twelve month high of €74.40 ($86.51). The company has a 50 day moving average of €46.74 and a 200-day moving average of €49.57. The company has a quick ratio of 0.63, a current ratio of 0.93 and a debt-to-equity ratio of 105.67.

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.

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