JPMorgan Chase & Co. set a €50.00 ($58.14) target price on Wacker Chemie (ETR:WCH) in a research report released on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research analysts also recently issued reports on the company. Baader Bank set a €88.00 ($102.33) price objective on Wacker Chemie and gave the company a buy rating in a research note on Tuesday, March 17th. Kepler Capital Markets set a €56.00 ($65.12) price objective on Wacker Chemie and gave the company a sell rating in a research note on Tuesday, March 17th. Berenberg Bank set a €44.00 ($51.16) price objective on Wacker Chemie and gave the company a neutral rating in a research note on Wednesday, March 18th. Independent Research set a €65.00 ($75.58) price objective on Wacker Chemie and gave the company a neutral rating in a research note on Tuesday, January 28th. Finally, UBS Group set a €90.00 ($104.65) price objective on Wacker Chemie and gave the company a buy rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Wacker Chemie presently has a consensus rating of Hold and an average target price of €72.07 ($83.80).
Shares of ETR:WCH opened at €42.34 ($49.23) on Tuesday. The company has a market capitalization of $2.20 billion and a PE ratio of 15.55. 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 business has a fifty day moving average price of €59.22 and a two-hundred day moving average price of €64.33. Wacker Chemie has a 1 year low of €46.75 ($54.36) and a 1 year high of €88.66 ($103.09).
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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