UBS Group set a €165.00 ($196.43) target price on Wacker Chemie (ETR:WCH) in a research report report published on Thursday, December 7th, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
Several other research analysts also recently issued reports on the stock. DZ Bank restated a neutral rating on shares of Wacker Chemie in a report on Friday, November 3rd. Nord/LB set a €114.00 ($135.71) target price on shares of Wacker Chemie and gave the company a sell rating in a research note on Friday, November 17th. Macquarie set a €84.67 ($100.80) target price on shares of Wacker Chemie and gave the company a sell rating in a research note on Friday, September 8th. Kepler Capital Markets set a €122.00 ($145.24) target price on shares of Wacker Chemie and gave the company a neutral rating in a research note on Tuesday, November 28th. Finally, Berenberg Bank set a €155.00 ($184.52) price target on shares of Wacker Chemie and gave the company a buy rating in a research report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Wacker Chemie currently has an average rating of Hold and a consensus price target of €127.94 ($152.30).
Wacker Chemie (ETR WCH) traded up €0.55 ($0.65) during trading on Thursday, reaching €162.20 ($193.10). 43,522 shares of the company’s stock were exchanged, compared to its average volume of 4,167. Wacker Chemie has a 52-week low of €90.59 ($107.85) and a 52-week high of €164.15 ($195.42). The firm has a market cap of $8,440.00 and a price-to-earnings ratio of 37.03.
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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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