J P Morgan Chase & Co Analysts Give Wacker Chemie AG (WCH) a €122.00 Price Target
Wacker Chemie AG (ETR:WCH) has been given a €122.00 ($143.53) price objective by equities research analysts at J P Morgan Chase & Co in a research note issued on Thursday. The brokerage presently has a “buy” rating on the stock.
A number of other equities research analysts have also recently issued reports on the company. Macquarie set a €84.67 ($99.61) target price on Wacker Chemie AG and gave the stock a “sell” rating in a research report on Friday, September 8th. DZ Bank AG reissued a “buy” rating on shares of Wacker Chemie AG in a research report on Tuesday, July 11th. BNP Paribas set a €100.00 ($117.65) price objective on Wacker Chemie AG and gave the company a “neutral” rating in a research report on Monday, July 24th. UBS AG set a €85.00 ($100.00) price objective on Wacker Chemie AG and gave the company a “sell” rating in a research report on Monday, July 24th. Finally, Berenberg Bank set a €112.00 ($131.76) price objective on Wacker Chemie AG and gave the company a “neutral” rating in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of €110.44 ($129.92).
Shares of Wacker Chemie AG (ETR WCH) traded down 2.596% on Thursday, reaching €116.496. 2,343 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is €111.58 and its 200-day moving average price is €101.78. Wacker Chemie AG has a 12 month low of €75.10 and a 12 month high of €124.46. The company has a market capitalization of €5.79 billion and a P/E ratio of 7.099.
About Wacker Chemie AG
Wacker Chemie AG provides specialty chemical products worldwide. It operates through five divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, Wacker Polysilicon, and Siltronic. The Wacker Silicones division offers silanes, siloxanes, silicone fluids and emulsions, elastomers, resins, pyrogenic silica, and organofunctional silanes, which are primarily used as starting materials in the production of silicones.
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