WashTec (ETR:WSU) Given a €74.00 Price Target at Hauck & Aufhaeuser

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Hauck & Aufhaeuser set a €74.00 ($86.05) price objective on WashTec (ETR:WSU) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently weighed in on WSU. HSBC set a $122.00 price objective on shares of Tiffany & Co. and gave the company a buy rating in a research report on Friday, June 14th. Warburg Research set a €36.60 ($42.56) price objective on shares of Fuchs Petrolub and gave the company a neutral rating in a research report on Monday, May 6th.

ETR WSU traded up €0.45 ($0.52) on Monday, hitting €50.10 ($58.26). The stock had a trading volume of 27,372 shares, compared to its average volume of 30,458. WashTec has a 52-week low of €47.35 ($55.06) and a 52-week high of €83.80 ($97.44). The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 52.90. The company has a market capitalization of $670.45 million and a P/E ratio of 21.03. The business has a 50-day moving average of €60.07.

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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