Berenberg Bank set a €70.00 ($81.40) target price on Wacker Chemie (ETR:WCH) in a research note released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other equities research analysts have also recently commented on WCH. Baader Bank set a €92.00 ($106.98) price target on shares of Wacker Chemie and gave the stock a buy rating in a research report on Thursday, December 5th. UBS Group set a €90.00 ($104.65) price target on Wacker Chemie and gave the stock a buy rating in a research note on Tuesday, December 17th. Credit Suisse Group set a €61.00 ($70.93) price target on Wacker Chemie and gave the stock a neutral rating in a research note on Monday, October 21st. Independent Research set a €65.00 ($75.58) price target on Wacker Chemie and gave the stock a neutral rating in a research note on Friday, December 6th. Finally, HSBC set a €62.00 ($72.09) price target on Wacker Chemie and gave the stock a neutral rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of €74.07 ($86.13).
Shares of Wacker Chemie stock opened at €63.92 ($74.33) on Tuesday. The company has a current ratio of 2.68, a quick ratio of 1.57 and a debt-to-equity ratio of 48.87. The company’s 50-day moving average price is €66.02 and its two-hundred day moving average price is €66.70. Wacker Chemie has a 52 week low of €57.86 ($67.28) and a 52 week high of €97.92 ($113.86). The stock has a market cap of $3.16 billion and a PE ratio of 23.48.
Wacker Chemie Company Profile
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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