Wacker Chemie (ETR:WCH) has been given a €130.00 ($160.49) target price by Credit Suisse Group in a report released on Monday. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price objective indicates a potential downside of 6.91% from the company’s current price.
Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. set a €122.00 ($150.62) price objective on shares of Wacker Chemie and gave the stock a “buy” rating in a research note on Thursday, October 26th. Independent Research set a €175.00 ($216.05) target price on shares of Wacker Chemie and gave the company a “neutral” rating in a report on Tuesday, January 16th. Baader Bank set a €203.00 ($250.62) target price on shares of Wacker Chemie and gave the company a “buy” rating in a report on Monday, January 22nd. Deutsche Bank set a €180.00 ($222.22) target price on shares of Wacker Chemie and gave the company a “buy” rating in a report on Monday, December 11th. Finally, Commerzbank set a €200.00 ($246.91) target price on shares of Wacker Chemie and gave the company a “buy” rating in a report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Wacker Chemie currently has an average rating of “Hold” and a consensus price target of €144.74 ($178.69).
Wacker Chemie (WCH) traded up €0.60 ($0.74) during mid-day trading on Monday, hitting €139.65 ($172.41). 241,999 shares of the company’s stock were exchanged, compared to its average volume of 210,134. Wacker Chemie has a 12-month low of €90.59 ($111.84) and a 12-month high of €175.75 ($216.98). The stock has a market capitalization of $7,290.00 and a PE ratio of 31.88.
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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