Wacker Chemie (ETR:WCH) has been assigned a €80.00 ($89.89) target price by research analysts at Baader Bank in a report issued on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Baader Bank’s price objective suggests a potential upside of 15.77% from the company’s current price.
Other equities analysts have also issued research reports about the company. Kepler Capital Markets set a €51.00 ($57.30) price objective on Wacker Chemie and gave the stock a “sell” rating in a report on Wednesday, June 17th. Independent Research set a €54.00 ($60.67) target price on shares of Wacker Chemie and gave the stock a “neutral” rating in a research report on Monday, May 4th. Credit Suisse Group set a €71.00 ($79.78) price target on shares of Wacker Chemie and gave the stock a “buy” rating in a research note on Monday, July 6th. Berenberg Bank set a €52.00 ($58.43) target price on shares of Wacker Chemie and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Warburg Research set a €66.00 ($74.16) price objective on Wacker Chemie and gave the stock a “neutral” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of €64.55 ($72.52).
WCH stock opened at €69.10 ($77.64) on Friday. The company’s 50 day moving average is €62.41 and its two-hundred day moving average is €58.72. Wacker Chemie has a twelve month low of €30.04 ($33.75) and a twelve month high of €76.16 ($85.57). The company has a current ratio of 3.12, a quick ratio of 1.72 and a debt-to-equity ratio of 62.05. The stock has a market cap of $3.43 billion and a P/E ratio of -6.60.
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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