Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Rating) had its target price raised by analysts at Citigroup to €8.50 ($8.59) in a report issued on Friday, The Fly reports.
WRTBY has been the subject of a number of other reports. The Goldman Sachs Group cut shares of Wärtsilä Oyj Abp from a “neutral” rating to a “sell” rating in a report on Friday, March 25th. UBS Group reduced their target price on shares of Wärtsilä Oyj Abp from €15.00 ($15.15) to €13.50 ($13.64) and set a “buy” rating for the company in a report on Friday, April 29th. Morgan Stanley reduced their price objective on shares of Wärtsilä Oyj Abp from €10.90 ($11.01) to €10.10 ($10.20) and set an “equal weight” rating for the company in a research note on Friday, April 29th. Danske cut shares of Wärtsilä Oyj Abp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Wärtsilä Oyj Abp from €11.00 ($11.11) to €10.00 ($10.10) and set an “underweight” rating for the company in a research note on Friday, April 29th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $10.53.
Wärtsilä Oyj Abp Price Performance
Shares of WRTBY stock opened at $1.64 on Friday. Wärtsilä Oyj Abp has a 12 month low of $1.42 and a 12 month high of $3.15. The stock has a market cap of $4.85 billion, a P/E ratio of 23.43 and a beta of 1.01. The company has a current ratio of 1.31, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $1.93.
About Wärtsilä Oyj Abp
Wärtsilä Oyj Abp provides technologies and lifecycle solutions for the marine and energy markets worldwide. The company’s marine power portfolio includes engines, propulsion systems, hybrid technology, and integrated powertrain systems; marine systems comprising products and lifecycle services related to the gas value chain, exhaust treatment, shaft line, underwater repair, and electrical integrations; voyage solutions consists of bridge infrastructure, cloud data services, decision support systems, and smart port solutions to enable shore-to-shore visibility, as well as builds end-to-end connected digital ecosystem for shipping; and decarbonization energy services include future-fuel enabled balancing power plants, hybrid solutions, energy storage, and optimization technology, such as the GEMS energy management platform.
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Source: defenseworld.net
