Wacker Chemie (ETR:WCH) Given a €61.00 Price Target at Credit Suisse Group

Wacker Chemie (ETR:WCH) has been assigned a €61.00 ($70.93) price target by stock analysts at Credit Suisse Group in a research report issued on Monday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s price objective would suggest a potential downside of 8.76% from the stock’s previous close.

Other research analysts have also issued research reports about the company. HSBC set a €61.00 ($70.93) target price on Wacker Chemie and gave the company a “neutral” rating in a research report on Friday. UBS Group set a €98.00 ($113.95) target price on Wacker Chemie and gave the company a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley set a €73.00 ($84.88) target price on Wacker Chemie and gave the company a “neutral” rating in a research report on Monday, July 15th. Baader Bank set a €92.00 ($106.98) target price on Wacker Chemie and gave the company a “buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. set a €63.00 ($73.26) target price on Wacker Chemie and gave the company a “neutral” rating in a research report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Wacker Chemie currently has a consensus rating of “Hold” and a consensus price target of €79.33 ($92.25).

Shares of ETR:WCH opened at €66.86 ($77.74) on Monday. Wacker Chemie has a 1 year low of €57.86 ($67.28) and a 1 year high of €98.60 ($114.65). The firm has a market capitalization of $3.23 billion and a price-to-earnings ratio of 28.29. 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 business’s 50 day moving average price is €65.92 and its 200-day moving average price is €70.73.

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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Analyst Recommendations for Wacker Chemie (ETR:WCH)

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