Baader Bank set a €88.00 ($102.33) price objective on Wacker Chemie (ETR:WCH) in a report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research analysts have also recently commented on the stock. Kepler Capital Markets set a €56.00 ($65.12) price target on shares of Wacker Chemie and gave the company a sell rating in a research report on Tuesday, February 4th. Independent Research set a €65.00 ($75.58) price target on shares of Wacker Chemie and gave the company a neutral rating in a research report on Tuesday, January 28th. Credit Suisse Group set a €61.00 ($70.93) price target on shares of Wacker Chemie and gave the company a neutral rating in a research report on Monday, October 21st. UBS Group set a €90.00 ($104.65) price target on shares of Wacker Chemie and gave the company a buy rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. set a €63.00 ($73.26) price target on shares of Wacker Chemie and gave the company a neutral rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of €73.79 ($85.80).
Shares of ETR WCH opened at €71.30 ($82.91) on Wednesday. Wacker Chemie has a one year low of €57.86 ($67.28) and a one year high of €97.92 ($113.86). The company has a debt-to-equity ratio of 48.87, a current ratio of 2.68 and a quick ratio of 1.57. The firm’s 50 day simple moving average is €65.79 and its two-hundred day simple moving average is €66.47. The stock has a market capitalization of $3.54 billion and a P/E ratio of 26.19.
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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