Wacker Chemie (ETR:WCH) has been given a €67.00 ($77.91) price objective by research analysts at Warburg Research in a research note issued to investors on Monday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Warburg Research’s price target suggests a potential upside of 4.33% from the stock’s current price.
Several other research analysts have also recently issued reports on WCH. Commerzbank set a €61.00 ($70.93) target price on shares of Wacker Chemie and gave the company a “neutral” rating in a report on Wednesday, October 16th. Kepler Capital Markets set a €56.00 ($65.12) price target on shares of Wacker Chemie and gave the stock a “sell” rating in a research note on Friday. Independent Research set a €65.00 ($75.58) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a research report on Friday. Baader Bank set a €92.00 ($106.98) price objective on shares of Wacker Chemie and gave the company a “buy” rating in a research note on Thursday. Finally, UBS Group set a €98.00 ($113.95) price objective on Wacker Chemie and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of €74.64 ($86.79).
WCH stock opened at €64.22 ($74.67) on Monday. The stock has a market cap of $3.19 billion and a P/E ratio of 23.59. The company has a current ratio of 2.68, a quick ratio of 1.57 and a debt-to-equity ratio of 48.87. Wacker Chemie has a twelve month low of €57.86 ($67.28) and a twelve month high of €97.92 ($113.86). The company’s 50 day moving average is €66.76 and its two-hundred day moving average is €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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