Wacker Chemie (ETR:WCH) has been given a €128.00 ($152.38) price target by research analysts at Morgan Stanley in a research report issued on Tuesday. The firm presently has a “neutral” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 20.62% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the company. Berenberg Bank set a €178.00 ($211.90) target price on Wacker Chemie and gave the company a “buy” rating in a research note on Tuesday, December 19th. Deutsche Bank set a €180.00 ($214.29) target price on Wacker Chemie and gave the company a “buy” rating in a research note on Monday, December 11th. Nord/LB set a €114.00 ($135.71) target price on Wacker Chemie and gave the company a “sell” rating in a research note on Friday, December 8th. UBS Group set a €165.00 ($196.43) target price on Wacker Chemie and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, Warburg Research set a €147.30 ($175.36) target price on Wacker Chemie and gave the company a “neutral” rating in a research note on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Wacker Chemie currently has a consensus rating of “Hold” and an average price target of €127.94 ($152.30).
Shares of Wacker Chemie (ETR:WCH) opened at €161.25 ($191.96) on Tuesday. Wacker Chemie has a 52 week low of €90.59 ($107.85) and a 52 week high of €164.15 ($195.42). The stock has a market capitalization of $8,460.00 and a PE ratio of 36.82.
Wacker Chemie Company Profile
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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