Sika (OTCMKTS:SXYAY) Price Target Raised to CHF 405

Sika (OTCMKTS:SXYAY) had its price objective upped by analysts at Deutsche Bank Aktiengesellschaft from CHF 350 to CHF 405 in a research note issued on Friday, The Fly reports.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus cut shares of Sika from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays increased their target price on shares of Sika from CHF 480 to CHF 500 and gave the stock an “overweight” rating in a report on Friday, December 10th. Credit Suisse Group upped their price objective on Sika from CHF 325 to CHF 360 in a research note on Friday. Morgan Stanley reaffirmed an “overweight” rating on shares of Sika in a research note on Monday, October 25th. Finally, Societe Generale reaffirmed a “buy” rating on shares of Sika in a research note on Thursday, October 28th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Sika has a consensus rating of “Buy” and a consensus price target of $324.80.

Shares of SXYAY stock traded down $0.79 on Friday, reaching $37.53. The company had a trading volume of 47,651 shares, compared to its average volume of 44,272. Sika has a one year low of $26.39 and a one year high of $41.94. The business’s 50-day moving average is $39.37 and its 200 day moving average is $36.18.

Sika Company Profile

Sika AG engages in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle. It offers solutions for concrete, waterproofing, cement additives, rigid bonding, joint sealing, and tunneling and mining. The company was founded by Kaspar Winkler in 1910 and is headquartered in Baar, Switzerland.

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