Wacker Chemie (ETR:WCH) received a €90.00 ($104.65) price target from analysts at UBS Group in a research note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 170.84% from the company’s previous close.
WCH has been the subject of several other research reports. Warburg Research set a €82.00 ($95.35) target price on shares of Wacker Chemie and gave the company a “neutral” rating in a research note on Friday, February 21st. Baader Bank set a €88.00 ($102.33) target price on shares of Wacker Chemie and gave the company a “buy” rating in a research note on Thursday, February 20th. Independent Research set a €65.00 ($75.58) target price on shares of Wacker Chemie and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Kepler Capital Markets set a €56.00 ($65.12) target price on shares of Wacker Chemie and gave the company a “sell” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. set a €63.00 ($73.26) target price on shares of Wacker Chemie and gave the company a “neutral” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Wacker Chemie currently has an average rating of “Hold” and an average target price of €73.00 ($84.88).
Shares of ETR:WCH opened at €33.23 ($38.64) on Tuesday. Wacker Chemie has a 52 week low of €46.75 ($54.36) and a 52 week high of €88.66 ($103.09). The company has a debt-to-equity ratio of 48.87, a quick ratio of 1.57 and a current ratio of 2.68. The company has a market capitalization of $1.65 billion and a PE ratio of 12.21. The company has a 50 day moving average price of €63.18 and a two-hundred day moving average price of €65.43.
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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