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Sika AG (OTCMKTS:SXYAY) Given Average Rating of "Moderate Buy" by Analysts

Defense World ·  Aug 15, 2022 01:32

Shares of Sika AG (OTCMKTS:SXYAY – Get Rating) have been assigned an average recommendation of "Buy" from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $349.20.

Several research analysts have issued reports on SXYAY shares. JPMorgan Chase & Co. decreased their price target on shares of Sika from CHF 333 to CHF 277 in a research report on Monday, July 25th. Berenberg Bank lifted their price target on shares of Sika from CHF 325 to CHF 370 in a research report on Friday, May 20th. Credit Suisse Group decreased their price target on shares of Sika from CHF 414 to CHF 384 and set an "outperform" rating on the stock in a research report on Tuesday, August 2nd. Finally, Barclays decreased their price target on shares of Sika from CHF 320 to CHF 310 in a research report on Tuesday, July 26th.

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Sika Stock Performance

Sika stock opened at $25.96 on Monday. Sika has a 1 year low of $21.60 and a 1 year high of $41.94. The firm's 50 day moving average price is $23.79 and its two-hundred day moving average price is $28.55.

Sika Company Profile

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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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