Shares of Sika AG (OTCMKTS:SXYAY – Get Rating) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $434.67.
A number of brokerages have recently issued reports on SXYAY. Deutsche Bank Aktiengesellschaft increased their target price on Sika from CHF 350 to CHF 405 in a research note on Friday, January 14th. Stifel Nicolaus upgraded shares of Sika from a “hold” rating to a “buy” rating in a research note on Wednesday, February 23rd. JPMorgan Chase & Co. initiated coverage on shares of Sika in a research report on Thursday, March 17th. They set a “neutral” rating on the stock. Credit Suisse Group increased their target price on shares of Sika from CHF 412 to CHF 414 in a report on Friday, April 8th. Finally, Barclays decreased their price target on Sika from CHF 500 to CHF 485 and set an “overweight” rating on the stock in a research note on Friday, April 8th.
OTCMKTS SXYAY traded up $0.38 during trading hours on Friday, reaching $26.26. The company’s stock had a trading volume of 129,767 shares, compared to its average volume of 83,181. The company’s 50-day moving average is $31.41 and its two-hundred day moving average is $34.88. Sika has a 1-year low of $25.13 and a 1-year high of $41.94.
Sika Company Profile (Get Rating)
Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and automotive industry worldwide. It offers tile adhesives and grouts, and systems for under-tile waterproofing and sound reduction, as well as renders and decorative finishes for exterior and interior walls; and develops and markets various admixtures and additives for use in concrete, cement, and mortar production, as well as flat roofing systems.
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