Wacker Chemie (WCH) Given a €165.00 Price Target at UBS
Wacker Chemie (ETR:WCH) has been given a €165.00 ($196.43) price target by UBS in a research note issued to investors on Thursday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS’s price target would suggest a potential upside of 18.58% from the company’s previous close.
Several other research firms have also issued reports on WCH. Nord/LB set a €114.00 ($135.71) price target on Wacker Chemie and gave the company a “sell” rating in a report on Friday, November 17th. Kepler Capital Markets set a €122.00 ($145.24) price objective on Wacker Chemie and gave the stock a “neutral” rating in a research note on Tuesday, November 28th. DZ Bank reaffirmed a “neutral” rating on shares of Wacker Chemie in a research note on Friday, November 3rd. Warburg Research set a €147.30 ($175.36) price objective on Wacker Chemie and gave the stock a “neutral” rating in a research note on Wednesday. Finally, J P Morgan Chase & Co set a €122.00 ($145.24) price objective on Wacker Chemie and gave the stock a “buy” rating in a research note on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of €120.93 ($143.97).
Wacker Chemie (ETR WCH) opened at €139.15 ($165.65) on Thursday. Wacker Chemie has a 12 month low of €81.48 ($97.00) and a 12 month high of €143.50 ($170.83).
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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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