Wacker Chemie (ETR:WCH) has been given a €82.00 ($95.35) price target by analysts at Warburg Research in a research note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Warburg Research’s price objective indicates a potential upside of 146.76% from the company’s previous close.
A number of other brokerages also recently issued reports on WCH. JPMorgan Chase & Co. set a €63.00 ($73.26) price target on Wacker Chemie and gave the stock a “neutral” rating in a report on Tuesday. Baader Bank set a €88.00 ($102.33) target price on Wacker Chemie and gave the company a “buy” rating in a report on Thursday, February 20th. 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. 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. Finally, Kepler Capital Markets set a €56.00 ($65.12) target price on Wacker Chemie and gave the company a “sell” 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 issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of €73.00 ($84.88).
Shares of ETR WCH opened at €33.23 ($38.64) on Tuesday. The company has a market capitalization of $1.65 billion and a price-to-earnings ratio of 12.21. 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 has a 50-day moving average of €63.18 and a two-hundred day moving average of €65.43. Wacker Chemie has a 1 year low of €46.75 ($54.36) and a 1 year high of €88.66 ($103.09).
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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