Wacker Chemie (ETR:WCH) has been assigned a €200.00 ($246.91) price target by equities research analysts at Commerzbank in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Commerzbank’s price objective indicates a potential upside of 50.38% from the company’s current price.
A number of other research analysts also recently issued reports on WCH. Nord/LB set a €114.00 ($140.74) 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 ($150.62) price target on Wacker Chemie and gave the company a “neutral” rating in a report on Tuesday, November 28th. Warburg Research set a €147.30 ($181.85) price target on Wacker Chemie and gave the company a “neutral” rating in a report on Wednesday, December 6th. UBS Group set a €165.00 ($203.70) price target on Wacker Chemie and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, Deutsche Bank set a €180.00 ($222.22) price target on Wacker Chemie and gave the company a “buy” rating in a report on Monday, December 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of €145.84 ($180.05).
Shares of Wacker Chemie (ETR WCH) traded down €7.00 ($8.64) during trading hours on Tuesday, hitting €133.00 ($164.20). The stock had a trading volume of 369,426 shares, compared to its average volume of 200,827. Wacker Chemie has a twelve month low of €90.59 ($111.84) and a twelve month high of €175.75 ($216.98). The stock has a market cap of $7,100.00 and a P/E ratio of 30.37.
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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