Wacker Chemie (ETR:WCH) received a €120.00 ($148.15) price objective from equities researchers at Nord/LB in a research report issued to clients and investors on Thursday. The brokerage presently has a “sell” rating on the stock. Nord/LB’s price target suggests a potential downside of 16.75% from the company’s current price.
WCH has been the topic of a number of other reports. UBS Group set a €185.00 ($228.40) price objective on Wacker Chemie and gave the stock a “buy” rating in a research report on Monday. HSBC set a €155.00 ($191.36) price objective on Wacker Chemie and gave the stock a “neutral” rating in a research report on Monday, January 22nd. Berenberg Bank set a €155.00 ($191.36) price target on Wacker Chemie and gave the company a “buy” rating in a research report on Monday, October 30th. Independent Research set a €170.00 ($209.88) price target on Wacker Chemie and gave the company a “neutral” rating in a research report on Thursday. Finally, Warburg Research set a €147.30 ($181.85) price target on Wacker Chemie and gave the company a “neutral” rating in a research report on Wednesday, December 6th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of €145.55 ($179.70).
Shares of Wacker Chemie (WCH) opened at €144.15 ($177.96) on Thursday. The firm has a market capitalization of $7,410.00 and a P/E ratio of 32.91. Wacker Chemie has a 1 year low of €90.59 ($111.84) and a 1 year high of €175.75 ($216.98).
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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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