Wacker Chemie (ETR:WCH) has been given a €44.00 ($51.16) price target by investment analysts at Berenberg Bank in a research report issued on Wednesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 33.21% from the stock’s previous close.
WCH has been the topic of a number of other research reports. HSBC set a €62.00 ($72.09) target price on Wacker Chemie and gave the company a “neutral” rating in a report on Wednesday, November 20th. UBS Group set a €90.00 ($104.65) target price on Wacker Chemie and gave the company a “buy” rating in a report on Tuesday. Independent Research set a €65.00 ($75.58) target price on Wacker Chemie and gave the company a “neutral” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. set a €63.00 ($73.26) target price on Wacker Chemie and gave the company a “neutral” rating in a report on Tuesday. Finally, Baader Bank set a €88.00 ($102.33) target price on Wacker Chemie and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of €73.00 ($84.88).
Shares of WCH opened at €33.03 ($38.41) on Wednesday. The company has a market capitalization of $1.64 billion and a price-to-earnings ratio of 12.13. Wacker Chemie has a fifty-two week low of €46.75 ($54.36) and a fifty-two week high of €88.66 ($103.09). 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’s 50-day moving average is €62.52 and its 200-day moving average is €65.26.
About Wacker Chemie
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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