Warburg Research set a €67.00 ($77.91) price target on Wacker Chemie (ETR:WCH) in a research note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research firms have also recently commented on WCH. Berenberg Bank set a €70.00 ($81.40) target price on shares of Wacker Chemie and gave the stock a neutral rating in a research note on Tuesday. Credit Suisse Group set a €61.00 ($70.93) target price on shares of Wacker Chemie and gave the stock a neutral rating in a research note on Monday, October 21st. Commerzbank set a €61.00 ($70.93) price target on shares of Wacker Chemie and gave the stock a neutral rating in a research 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 report on Friday, December 6th. Finally, UBS Group set a €90.00 ($104.65) price target on shares of Wacker Chemie and gave the stock a buy rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of €74.07 ($86.13).
WCH stock traded down €1.60 ($1.86) during trading on Friday, reaching €64.34 ($74.81). The company had a trading volume of 206,365 shares, compared to its average volume of 218,420. The firm has a 50-day simple moving average of €66.09 and a 200-day simple moving average of €66.65. The company has a market cap of $3.20 billion and a price-to-earnings ratio of 23.64. The company has a debt-to-equity ratio of 48.87, a quick ratio of 1.57 and a current ratio of 2.68. Wacker Chemie has a twelve month low of €57.86 ($67.28) and a twelve month high of €97.92 ($113.86).
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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