Wacker Chemie AG (WCH) Given a €110.00 Price Target at BNP Paribas
Wacker Chemie AG (ETR:WCH) has been assigned a €110.00 ($129.41) price objective by equities research analysts at BNP Paribas in a research report issued on Friday. The firm currently has a “neutral” rating on the stock.
A number of other research firms also recently issued reports on WCH. Societe Generale set a €116.00 ($136.47) price objective on shares of Wacker Chemie AG and gave the stock a “neutral” rating in a report on Thursday. Nord/LB set a €100.00 ($117.65) price objective on shares of Wacker Chemie AG and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. DZ Bank AG set a €122.00 ($143.53) target price on Wacker Chemie AG and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Warburg Research set a €129.00 ($151.76) target price on Wacker Chemie AG and gave the stock a “neutral” rating in a research note on Friday. Finally, J P Morgan Chase & Co set a €115.00 ($135.29) target price on Wacker Chemie AG and gave the stock a “buy” rating in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Wacker Chemie AG presently has an average rating of “Hold” and an average price target of €111.97 ($131.73).
Shares of Wacker Chemie AG (ETR WCH) opened at 116.749 on Friday. The company has a market capitalization of €5.80 billion and a price-to-earnings ratio of 7.115. Wacker Chemie AG has a 52-week low of €75.10 and a 52-week high of €124.46. The firm’s 50-day moving average is €112.20 and its 200 day moving average is €101.88.
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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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