SIKA (OTCMKTS:SXYAY) Upgraded by Rothschild Redb to "Strong-Buy" Rating

Key Points

• SIKA has been upgraded to a "strong-buy" rating by Rothschild Redb, indicating a bullish outlook on the company's stock.
• The current consensus among analysts is a "Buy" rating, with three analysts giving a Strong Buy and several others assigning either Buy or Hold ratings.
• SIKA's stock opened at $21.29, with a 12-month range between $21.00 and $29.96, showcasing potential growth opportunities.

SIKA (OTCMKTS:SXYAY - Get Free Report) was upgraded by analysts at Rothschild Redb from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. Citigroup reissued a "neutral" rating on shares of SIKA in a research report on Friday. The Goldman Sachs Group raised shares of SIKA to a "strong-buy" rating in a research report on Tuesday, June 17th. Royal Bank Of Canada reissued an "outperform" rating on shares of SIKA in a research report on Wednesday, July 30th. Finally, Morgan Stanley reissued an "overweight" rating on shares of SIKA in a research report on Tuesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy".

SIKA Price Performance

SIKA stock opened at $21.29 on Friday. SIKA has a twelve month low of $21.00 and a twelve month high of $29.96. The firm has a 50 day moving average price of $22.92 and a 200-day moving average price of $24.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.66 and a quick ratio of 1.17.

About SIKA

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 motor vehicle industry worldwide. The company offers tile adhesives and grouts, systems for under-tile waterproofing, sound reduction, renders, decorative finishes for exterior and interior walls, as well as exterior insulation finishing system; develops admixtures and additives for concrete, cement, and mortar production; and flat roofing systems.

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