Wacker Chemie (ETR:WCH) received a €165.00 ($194.12) price objective from investment analysts at Baader Bank in a research report issued on Wednesday, Borsen Zeitung reports. Baader Bank’s price target suggests a potential upside of 8.41% from the stock’s previous close.
WCH has been the topic of a number of other reports. JPMorgan Chase & Co. set a €152.00 ($178.82) price target on shares of Wacker Chemie in a report on Friday, September 17th. Morgan Stanley set a €127.00 ($149.41) price target on shares of Wacker Chemie in a report on Monday, September 6th. Kepler Capital Markets set a €143.00 ($168.24) price target on shares of Wacker Chemie and gave the stock a “neutral” rating in a report on Friday, June 25th. Nord/LB set a €153.00 ($180.00) price target on shares of Wacker Chemie in a report on Thursday, September 16th. Finally, Credit Suisse Group set a €168.00 ($197.65) price target on shares of Wacker Chemie in a report on Thursday, August 26th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of €155.91 ($183.42).
Shares of ETR WCH traded up €2.55 ($3.00) during trading on Wednesday, hitting €152.20 ($179.06). The stock had a trading volume of 92,366 shares, compared to its average volume of 218,420. Wacker Chemie has a 12 month low of €75.38 ($88.68) and a 12 month high of €159.45 ($187.59). The company has a debt-to-equity ratio of 61.39, a current ratio of 3.01 and a quick ratio of 1.91. The company has a market capitalization of $7.56 billion and a PE ratio of 19.06. The firm has a fifty day moving average of €138.20 and a two-hundred day moving average of €131.05.
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, siloxanes, silicone fluids, silicone emulsions, silicone elastomers, silicone resins, and pyrogenic silicas for use in construction, electronics, automotive, personal care, paint, and coating solutions.
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