Kepler Capital Markets set a €56.00 ($65.12) price objective on Wacker Chemie (ETR:WCH) in a research note published on Friday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. set a €63.00 ($73.26) target price on shares of Wacker Chemie and gave the stock a neutral rating in a research note on Friday. Commerzbank set a €61.00 ($70.93) price target on Wacker Chemie and gave the company a neutral rating in a research note on Wednesday, October 16th. Independent Research set a €73.00 ($84.88) price objective on Wacker Chemie and gave the company a neutral rating in a report on Monday, October 28th. Berenberg Bank set a €70.00 ($81.40) price objective on Wacker Chemie and gave the company a neutral rating in a report on Monday, October 28th. Finally, Warburg Research set a €70.60 ($82.09) price objective on Wacker Chemie and gave the stock a neutral rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of €74.90 ($87.09).
Shares of ETR:WCH opened at €64.26 ($74.72) on Friday. Wacker Chemie has a one year low of €57.86 ($67.28) and a one year high of €97.92 ($113.86). 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 company has a market cap of $3.19 billion and a price-to-earnings ratio of 23.61. The firm has a 50 day simple moving average of €66.76 and a 200 day simple moving average of €67.66.
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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