Wacker Chemie AG (WCH.F) (ETR:WCH) has been assigned a €123.00 ($144.71) price target by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.29% from the company’s previous close.
Several other equities research analysts also recently weighed in on the stock. Warburg Research set a €135.00 ($158.82) target price on shares of Wacker Chemie AG (WCH.F) and gave the company a “buy” rating in a research note on Monday, January 4th. Morgan Stanley set a €98.00 ($115.29) price objective on Wacker Chemie AG (WCH.F) and gave the stock a “neutral” rating in a research report on Friday, November 27th. Independent Research set a €100.00 ($117.65) target price on Wacker Chemie AG (WCH.F) and gave the company a “neutral” rating in a research report on Monday, November 30th. Berenberg Bank set a €120.00 ($141.18) price target on Wacker Chemie AG (WCH.F) and gave the stock a “neutral” rating in a report on Thursday, January 7th. Finally, Nord/LB set a €104.00 ($122.35) price objective on shares of Wacker Chemie AG (WCH.F) and gave the company a “neutral” rating in a report on Thursday, December 17th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of €116.20 ($136.71).
Shares of WCH stock opened at €120.25 ($141.47) on Monday. The stock’s 50-day moving average is €112.14 and its 200 day moving average is €89.06. The company has a debt-to-equity ratio of 71.67, a current ratio of 4.29 and a quick ratio of 2.70. Wacker Chemie AG has a 1-year low of €30.04 ($35.34) and a 1-year high of €122.20 ($143.76). The company has a market cap of $5.97 billion and a P/E ratio of -9.36.About Wacker Chemie AG (WCH.F)
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, siloxanes, silicone fluids, silicone emulsions, silicone elastomers, silicone resins, and pyrogenic silicas for use in construction, paint, and adhesive solutions.
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