Independent Research set a €76.00 ($85.39) target price on Wacker Chemie (ETR:WCH) in a report released on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other brokerages also recently commented on WCH. Warburg Research set a €87.00 ($97.75) price objective on Wacker Chemie and gave the company a neutral rating in a research report on Thursday, July 23rd. Baader Bank set a €80.00 ($89.89) price objective on Wacker Chemie and gave the company a buy rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. set a €50.00 ($56.18) target price on Wacker Chemie and gave the company a neutral rating in a report on Thursday, July 30th. UBS Group set a €94.00 ($105.62) target price on Wacker Chemie and gave the company a buy rating in a report on Monday. Finally, Credit Suisse Group set a €90.00 ($101.12) target price on Wacker Chemie and gave the company a buy rating in a report on Monday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Wacker Chemie currently has a consensus rating of Hold and a consensus target price of €73.91 ($83.04).
Wacker Chemie stock opened at €79.14 ($88.92) on Monday. The company has a debt-to-equity ratio of 62.05, a quick ratio of 1.72 and a current ratio of 3.12. The stock has a fifty day moving average of €68.17 and a two-hundred day moving average of €59.56. The company has a market capitalization of $3.93 billion and a price-to-earnings ratio of -7.55. Wacker Chemie has a fifty-two week low of €30.04 ($33.75) and a fifty-two week high of €76.16 ($85.57).
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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