HSBC Reiterates “€61.00” Price Target for Wacker Chemie (ETR:WCH)

HSBC set a €61.00 ($70.93) price objective on Wacker Chemie (ETR:WCH) in a research note released on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts also recently commented on WCH. Berenberg Bank set a €70.00 ($81.40) price target on shares of Wacker Chemie and gave the stock a neutral rating in a report on Monday, August 5th. Baader Bank set a €95.00 ($110.47) target price on shares of Wacker Chemie and gave the stock a buy rating in a research report on Monday, October 14th. Morgan Stanley set a €73.00 ($84.88) target price on shares of Wacker Chemie and gave the stock a neutral rating in a research report on Monday, July 15th. Credit Suisse Group set a €58.00 ($67.44) target price on shares of Wacker Chemie and gave the stock a neutral rating in a research report on Tuesday, October 8th. Finally, Independent Research set a €63.00 ($73.26) target price on shares of Wacker Chemie and gave the stock a neutral rating in a research report on Wednesday, October 16th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of €79.13 ($92.02).

Shares of ETR WCH opened at €64.98 ($75.56) on Friday. The company has a market cap of $3.23 billion and a PE ratio of 27.50. Wacker Chemie has a 12 month low of €57.86 ($67.28) and a 12 month high of €98.60 ($114.65). The company has a debt-to-equity ratio of 48.75, a current ratio of 2.54 and a quick ratio of 1.38. The company has a 50-day simple moving average of €65.92 and a 200-day simple moving average of €70.73.

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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Analyst Recommendations for Wacker Chemie (ETR:WCH)

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