Warburg Research Reiterates “€129.00” Price Target for Wacker Chemie AG (WCH)
Wacker Chemie AG (ETR:WCH) received a €129.00 ($151.76) price target from Warburg Research in a report released on Friday. The firm currently has a “neutral” rating on the stock.
Other equities research analysts have also recently issued research reports about the company. J P Morgan Chase & Co set a €115.00 ($135.29) price target on Wacker Chemie AG and gave the stock a “buy” rating in a report on Monday, July 31st. Societe Generale set a €116.00 ($136.47) price target on Wacker Chemie AG and gave the stock a “neutral” rating in a report on Thursday. DZ Bank AG restated a “neutral” rating on shares of Wacker Chemie AG in a report on Thursday. Kepler Capital Markets set a €122.00 ($143.53) price target on Wacker Chemie AG and gave the stock a “neutral” rating in a report on Thursday. Finally, UBS AG set a €110.00 ($129.41) price target on Wacker Chemie AG and gave the stock a “neutral” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of €111.21 ($130.83).
Wacker Chemie AG (ETR:WCH) opened at 116.749 on Friday. The stock has a 50 day moving average price of €112.20 and a 200 day moving average price of €101.88. The stock has a market cap of €5.80 billion and a P/E ratio of 7.115. Wacker Chemie AG has a 52-week low of €75.10 and a 52-week high of €124.46.
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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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