Wacker Chemie (ETR:WCH) has been given a €185.00 ($228.40) price target by investment analysts at UBS Group in a research report issued to clients and investors on Wednesday, January 24th, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 33.05% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Berenberg Bank set a €155.00 ($191.36) target price on shares of Wacker Chemie and gave the company a “buy” rating in a research note on Monday, October 30th. JPMorgan Chase & Co. set a €122.00 ($150.62) target price on shares of Wacker Chemie and gave the company a “buy” rating in a research note on Thursday, October 26th. Deutsche Bank set a €180.00 ($222.22) price target on shares of Wacker Chemie and gave the company a “buy” rating in a research report on Monday, December 11th. Commerzbank set a €200.00 ($246.91) price target on shares of Wacker Chemie and gave the company a “buy” rating in a research report on Thursday, January 4th. Finally, Baader Bank set a €203.00 ($250.62) price target on shares of Wacker Chemie and gave the company a “buy” rating in a research report on Monday, January 22nd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of €145.55 ($179.70).
Shares of Wacker Chemie (ETR:WCH) traded down €0.80 ($0.99) during midday trading on Wednesday, hitting €139.05 ($171.67). 361,871 shares of the stock were exchanged, compared to its average volume of 175,794. Wacker Chemie has a 52-week low of €90.59 ($111.84) and a 52-week high of €175.75 ($216.98). The firm has a market capitalization of $7,410.00 and a PE ratio of 31.75.
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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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