Wacker Chemie AG (WCH) Given a €155.00 Price Target at Berenberg Bank
Wacker Chemie AG (ETR:WCH) received a €155.00 ($182.35) price objective from Berenberg Bank in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the stock.
Several other analysts also recently issued reports on WCH. J P Morgan Chase & Co set a €122.00 ($143.53) price target on Wacker Chemie AG and gave the stock a “buy” rating in a research note on Thursday. Independent Research GmbH set a €132.00 ($155.29) price target on Wacker Chemie AG and gave the stock a “neutral” rating in a research note on Friday. UBS AG set a €110.00 ($129.41) price target on Wacker Chemie AG and gave the stock a “neutral” rating in a research note on Monday, August 7th. Citigroup Inc. set a €76.00 ($89.41) price target on Wacker Chemie AG and gave the stock a “sell” rating in a research note on Friday. Finally, Kepler Capital Markets set a €122.00 ($143.53) price target on Wacker Chemie AG and gave the stock a “neutral” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of €114.41 ($134.59).
Shares of Wacker Chemie AG (WCH) opened at 132.40 on Monday. The company’s 50 day moving average price is €118.51 and its 200 day moving average price is €104.20. The stock has a market capitalization of €6.58 billion and a P/E ratio of 8.07. Wacker Chemie AG has a one year low of €75.10 and a one year high of €132.55.
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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