Wacker Chemie (ETR:WCH) has been given a €78.00 ($90.70) price objective by analysts at JPMorgan Chase & Co. in a report released on Thursday. The brokerage currently has a “sell” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 9.91% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. UBS Group set a €170.00 ($197.67) price target on Wacker Chemie and gave the company a “buy” rating in a report on Thursday, October 4th. Commerzbank set a €145.00 ($168.60) price target on Wacker Chemie and gave the company a “buy” rating in a report on Monday, September 24th. Baader Bank set a €175.00 ($203.49) price target on Wacker Chemie and gave the company a “buy” rating in a report on Thursday, October 25th. Societe Generale set a €120.00 ($139.53) price target on Wacker Chemie and gave the company a “buy” rating in a report on Monday, October 22nd. Finally, Hauck & Aufhaeuser set a €149.00 ($173.26) price target on Wacker Chemie and gave the company a “buy” rating in a report on Friday, October 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of €105.63 ($122.82).
ETR:WCH opened at €86.58 ($100.67) on Thursday. Wacker Chemie has a one year low of €90.59 ($105.34) and a one year high of €175.75 ($204.36).
Wacker Chemie AG provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. The Wacker Silicones division offers silanes, silicones, silicone fluids, emulsions, elastomers, sealants and resins, and pyrogenic silicas for use in construction, paint and coating, chemical, cosmetic, textile and leather, paper and film coating, fabric coating, electrical and electronic engineering, insulation technology, mechanical engineering and metal processing, medical technology, automotive, communications technology, office equipment, household appliance, plastics and rubber processing, and mold making applications.
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