Baader Bank set a €88.00 ($102.33) price objective on Wacker Chemie (ETR:WCH) in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other brokerages also recently weighed in on WCH. Warburg Research set a €67.00 ($77.91) price target on Wacker Chemie and gave the company a neutral rating in a report on Tuesday, January 28th. UBS Group set a €90.00 ($104.65) price target on Wacker Chemie and gave the company a buy rating in a report on Monday, February 3rd. HSBC set a €62.00 ($72.09) price target on Wacker Chemie and gave the company a neutral rating in a report on Wednesday, November 20th. Commerzbank set a €61.00 ($70.93) price target on Wacker Chemie and gave the company a neutral rating in a report on Wednesday, October 16th. Finally, Credit Suisse Group set a €61.00 ($70.93) price target on Wacker Chemie and gave the company a neutral rating in a report on Monday, October 21st. One equities research 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 stock currently has an average rating of Hold and an average price target of €73.79 ($85.80).
Shares of Wacker Chemie stock opened at €71.30 ($82.91) on Wednesday. Wacker Chemie has a 12 month low of €57.86 ($67.28) and a 12 month high of €97.92 ($113.86). The company has a current ratio of 2.68, a quick ratio of 1.57 and a debt-to-equity ratio of 48.87. The business has a fifty day simple moving average of €65.79 and a two-hundred day simple moving average of €66.47. The firm has a market capitalization of $3.54 billion and a P/E ratio of 26.19.
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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