Wacker Chemie (ETR:WCH) has been given a €178.00 ($211.90) price objective by stock analysts at Berenberg Bank in a note issued to investors on Tuesday, December 19th. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 6.30% from the stock’s current price.
A number of other analysts have also commented on WCH. Deutsche Bank set a €180.00 ($214.29) target price on Wacker Chemie and gave the stock a “buy” rating in a report on Monday, December 11th. Nord/LB set a €114.00 ($135.71) target price on Wacker Chemie and gave the stock a “sell” rating in a report on Friday, December 8th. UBS Group set a €165.00 ($196.43) target price on Wacker Chemie and gave the stock a “buy” rating in a report on Thursday, December 7th. Warburg Research set a €147.30 ($175.36) target price on Wacker Chemie and gave the stock a “neutral” rating in a report on Wednesday, December 6th. Finally, Kepler Capital Markets set a €122.00 ($145.24) target price on Wacker Chemie and gave the stock a “neutral” rating in a report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Wacker Chemie currently has an average rating of “Hold” and an average target price of €135.94 ($161.83).
Shares of Wacker Chemie (ETR WCH) traded down €0.20 ($0.24) during trading hours on Tuesday, hitting €167.45 ($199.35). The stock had a trading volume of 147,474 shares, compared to its average volume of 129,111. Wacker Chemie has a 52 week low of €90.59 ($107.85) and a 52 week high of €173.50 ($206.55). The firm has a market capitalization of $8,760.00 and a price-to-earnings ratio of 38.23.
Wacker Chemie AG provides specialty chemical products worldwide. It operates through five divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, Wacker Polysilicon, and Siltronic. The Wacker Silicones division offers silanes, siloxanes, silicone fluids and emulsions, elastomers, resins, pyrogenic silica, and organofunctional silanes, which are primarily used as starting materials in the production of silicones.
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