Stock of the week: “Sika AG”
29th of March 2023
The stock we have chosen this week is Sika AG. Sika AG engages in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicles. It offers solutions for concrete, waterproofing, cement additives, rigid bonding, joint sealing, tunnelling, and mining. The company was founded by Kaspar Winkler in 1910 and is headquartered in Baar, Switzerland.
One specific element points to potential growth for Sika, which is the growing demand for polypropylene fiber, a material used by the construction industry that has growth potential over the forecast period of 2023 to 2025.
Financial social media sentiment tends to be “neutral” in both absolute and relative terms, on its own and when compared to the social media sentiment of the sector and stock index.
Analyst consensus is to "buy" the stock - out of the 24 bank analysts covering the company, 15 recommend buying the stock, 8 suggest holding it, and 1 suggest selling it. The median upside potential of the stock price these analysts expect over the next 6-12 months is currently 20.08% (reference close of business 27/03/2023).
Attention buzz is currently “average”.
Sources:
https://umushroom.com/en/equity/sika-rg
