WashTec (WSU) Given a €75.00 Price Target at HSBC

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HSBC set a €75.00 ($87.21) price target on WashTec (ETR:WSU) in a research report report published on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on WSU. Warburg Research set a €81.00 ($94.19) price target on WashTec and gave the stock a buy rating in a research note on Wednesday, March 20th. Hauck & Aufhaeuser set a €80.00 ($93.02) price target on WashTec and gave the stock a buy rating in a research note on Wednesday, March 13th.

WashTec stock traded down €3.10 ($3.60) during trading on Thursday, reaching €66.80 ($77.67). The company had a trading volume of 13,698 shares, compared to its average volume of 30,458. WashTec has a 52 week low of €51.50 ($59.88) and a 52 week high of €83.80 ($97.44). The stock has a market cap of $893.94 million and a P/E ratio of 26.27. The company has a debt-to-equity ratio of 22.75, a quick ratio of 0.79 and a current ratio of 1.13.

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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