Wallbox (NYSE:WBX) Receives Consensus “Buy” Rating from Analysts

Wallbox (NYSE:WBX – Get Rating) shares received a consensus “Buy” recommendation from the seven ratings companies that cover the stock, MarketBeat.com reports. One research analyst rated the stock with a hold recommendation and five gave the company a buy recommendation. The 12-month average price target among brokers who have reported on the stock in the past year is $19.33.

Several equity research analysts have weighed in on WBX shares. Chardan Capital began covering Wallbox in a research note on Thursday, March 31. They set a “buy” rating and a price target of $19.00 on the stock. Bank of America launched coverage on Wallbox in a research report on Friday, May 27. They set a “neutral” rating for the company. Cowen launched Wallbox coverage in a research report on Wednesday, May 25. They set an “outperform” rating and a target price of $14.00 for the company. Cowen launched Wallbox coverage in a research report on Wednesday, May 25. They set an “outperform” rating and a target price of $14.00 for the company. Finally, UBS Group lowered its price target on Wallbox from $25.00 to $18.00 in a Wednesday, May 18 research report.

NYSE WBX shares opened at $8.44 on Friday. The company’s 50-day moving average is $10.74 and its two-hundred-day moving average is $12.52. The company has a debt ratio of 0.13, a current ratio of 1.48 and a quick ratio of 1.31. Wallbox has a 1 year minimum of $8.08 and a 1 year maximum of $27.50.

A number of large investors have recently changed their holdings in WBX. Wells Fargo & Company MN acquired a new stock position in Wallbox during the fourth quarter worth $40,000. Penserra Capital Management LLC acquired a new stock position in Wallbox during the fourth quarter worth $148,000. Virtu Financial LLC acquired a new stock position in Wallbox during the fourth quarter worth $164,000. Janney Montgomery Scott LLC acquired a new stock position in Wallbox during the fourth quarter worth $173,000. Finally, Salient Capital Advisors LLC acquired a new position in shares of Wallbox during the fourth quarter worth $188,000. 33.20% of the shares are held by institutional investors.

Wallbox company profile (Get a rating)

Wallbox NV, a technology company, creates electric vehicle charging and energy management systems that redefine the user’s relationship to the grid. It provides a portfolio of charging and energy management solutions for residential, semi-public and public use worldwide. The company was founded in 2015 and is headquartered in Barcelona, ​​Spain.

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Analyst recommendations for Wallbox (NYSE: WBX)

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