Wacker Neuson (ETR:WAC) Given a €24.00 Price Target at Berenberg Bank


Share on StockTwits

Berenberg Bank set a €24.00 ($28.24) price target on Wacker Neuson (ETR:WAC) in a report issued on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

WAC has been the subject of several other reports. Jefferies Financial Group set a €19.50 ($22.94) price target on Wacker Neuson and gave the stock a buy rating in a research note on Thursday, March 25th. Warburg Research set a €26.00 ($30.59) target price on Wacker Neuson and gave the company a buy rating in a research note on Tuesday. Finally, Kepler Capital Markets set a €15.50 ($18.24) target price on Wacker Neuson and gave the company a sell rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Wacker Neuson presently has an average rating of Buy and an average target price of €21.70 ($25.53).

ETR:WAC traded up €0.34 ($0.40) on Thursday, hitting €21.06 ($24.78). 111,511 shares of the stock were exchanged, compared to its average volume of 53,813. The stock has a market cap of $1.48 billion and a PE ratio of 103.60. The company has a current ratio of 3.65, a quick ratio of 1.75 and a debt-to-equity ratio of 41.36. The stock has a fifty day moving average of €19.06 and a 200-day moving average of €17.55. Wacker Neuson has a fifty-two week low of €10.40 ($12.24) and a fifty-two week high of €22.64 ($26.64).

Wacker Neuson Company Profile

Wacker Neuson SE manufactures and distributes light and compact equipment under the Wacker Neuson, Kramer, and Weidemann brand names in Europe, the Americas, and the Asia-Pacific. It operates through three segments: Light Equipment, Compact Equipment, and Services. The company offers internal and external vibrators for concrete compaction; trowels and screeds for concrete finishing; rammers, vibratory plates, and rollers for soil compaction; demolition products and saws; lighting; generators; pumps; and heaters.

Further Reading: Do equity income investments outperform growth and income investments?

Analyst Recommendations for Wacker Neuson (ETR:WAC)

Receive News & Ratings for Wacker Neuson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wacker Neuson and related companies with MarketBeat.com's FREE daily email newsletter.