Kepler Capital analyst Torsten Sauter maintained a Hold rating on Tecan Group AG (TCHBF) on January 11 and set a price target of CHF450.00. The company’s shares closed last Tuesday at $473.00, close to its 52-week high of $515.00.
According to TipRanks.com, Sauter is a 3-star analyst with an average return of 4.1% and a 55.6% success rate. Sauter covers the Industrial Goods sector, focusing on stocks such as Implenia AG, Sulzer AG, and ABB.
Tecan Group AG has an analyst consensus of Hold, with a price target consensus of $504.99.
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The company has a one-year high of $515.00 and a one-year low of $245.00. Currently, Tecan Group AG has an average volume of 4.
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Tecan Group AG is a holding company, which engages in the development, production, and distribution of laboratory instruments and solutions in biopharmaceuticals, forensics, and clinical diagnostics. It operates through the following segments: Life Sciences Business, Partnering Business, and Corporate. The Life Sciences Business segment supplies end users with automated workflow solutions, which includes laboratory instruments, software packages, application know-how, services, consumables, and spare parts. The Partnering Business segment develops and manufactures original equipment manufacturer instruments and components. The company was founded by Heinz Abplanalp, Heini Maurer, Heini Moeckli, and Gallus Blatter on March 18, 1980 and is headquartered in Mannedorf, Switzerland.