Wacker Chemie (ETR:WCH) has been given a €200.00 ($238.10) price target by equities researchers at Commerzbank in a research note issued on Thursday. The firm presently has a “buy” rating on the stock. Commerzbank’s price objective would suggest a potential upside of 18.20% from the company’s previous close.
Several other brokerages have also recently issued reports on WCH. Morgan Stanley set a €128.00 ($152.38) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a research report on Tuesday, December 26th. Berenberg Bank set a €178.00 ($211.90) price objective on shares of Wacker Chemie and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Deutsche Bank set a €180.00 ($214.29) price objective on shares of Wacker Chemie and gave the stock a “buy” rating in a research note on Monday, December 11th. Nord/LB set a €114.00 ($135.71) price objective on shares of Wacker Chemie and gave the stock a “sell” rating in a research note on Friday, December 8th. Finally, Kepler Capital Markets set a €122.00 ($145.24) price objective on shares of Wacker Chemie and gave the stock a “neutral” rating in a research note on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of €133.25 ($158.63).
Shares of Wacker Chemie (WCH) traded up €2.65 ($3.15) during midday trading on Thursday, hitting €169.20 ($201.43). 166,985 shares of the company traded hands, compared to its average volume of 109,502. Wacker Chemie has a one year low of €90.59 ($107.85) and a one year high of €170.15 ($202.56). The stock has a market capitalization of $8,820.00 and a PE ratio of 38.63.
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Wacker Chemie Company Profile
Wacker Chemie AG provides specialty chemical products worldwide. It operates through five divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, Wacker Polysilicon, and Siltronic. The Wacker Silicones division offers silanes, siloxanes, silicone fluids and emulsions, elastomers, resins, pyrogenic silica, and organofunctional silanes, which are primarily used as starting materials in the production of silicones.
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