Wacker Chemie (ETR:WCH) has been assigned a €145.00 ($179.01) price objective by Independent Research in a research report issued on Wednesday. The firm presently has a “neutral” rating on the stock. Independent Research’s price objective would suggest a potential upside of 10.77% from the stock’s previous close.
Several other equities research analysts have also commented on the company. Nord/LB set a €114.00 ($140.74) price target on Wacker Chemie and gave the stock a “sell” rating in a research note on Friday, November 17th. Societe Generale set a €150.00 ($185.19) price target on Wacker Chemie and gave the stock a “neutral” rating in a research note on Friday, February 16th. UBS Group set a €165.00 ($203.70) price target on Wacker Chemie and gave the stock a “buy” rating in a research note on Thursday, December 7th. Morgan Stanley set a €128.00 ($158.02) price target on Wacker Chemie and gave the stock a “neutral” rating in a research note on Tuesday, December 26th. Finally, Berenberg Bank set a €178.00 ($219.75) target price on Wacker Chemie and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €144.52 ($178.43).
Shares of Wacker Chemie (ETR:WCH) traded up €0.10 ($0.12) during trading hours on Wednesday, reaching €130.90 ($161.60). The company’s stock had a trading volume of 403,695 shares, compared to its average volume of 217,040. The firm has a market capitalization of $6,830.00 and a price-to-earnings ratio of 28.03. Wacker Chemie has a 12 month low of €90.59 ($111.84) and a 12 month high of €175.75 ($216.98).
Wacker Chemie Company Profile
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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