HSBC Analysts Give WashTec (ETR:WSU) a €57.00 Price Target

HSBC set a €57.00 ($66.28) target price on WashTec (ETR:WSU) in a research report released on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Warburg Research set a €16.70 ($19.42) price objective on shares of alstria office REIT and gave the stock a buy rating in a report on Monday, July 8th. Hauck & Aufhaeuser set a €74.00 ($86.05) price objective on shares of WashTec and gave the stock a buy rating in a report on Monday, July 8th.

Shares of WSU stock opened at €50.30 ($58.49) on Wednesday. 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 debt-to-equity ratio of 52.90, a current ratio of 1.06 and a quick ratio of 0.68. The firm has a market cap of $673.13 million and a price-to-earnings ratio of 21.12. The business has a fifty day moving average price of €59.44.

WashTec Company Profile

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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