Wacker Chemie (ETR:WCH) received a €116.00 ($134.88) price target from Baader Bank in a research note issued on Tuesday. The firm presently has a “buy” rating on the stock. Baader Bank’s target price would indicate a potential upside of 33.89% from the company’s current price.
WCH has been the subject of several other research reports. JPMorgan Chase & Co. set a €78.00 ($90.70) price objective on Wacker Chemie and gave the company a “neutral” rating in a report on Monday, November 5th. Hauck & Aufhaeuser set a €122.00 ($141.86) target price on Wacker Chemie and gave the company a “buy” rating in a research report on Friday, November 2nd. HSBC set a €110.00 ($127.91) target price on Wacker Chemie and gave the company a “buy” rating in a research report on Wednesday, December 19th. Nord/LB set a €96.00 ($111.63) target price on Wacker Chemie and gave the company a “neutral” rating in a research report on Thursday, January 24th. Finally, Independent Research set a €79.00 ($91.86) target price on Wacker Chemie and gave the company a “sell” rating in a research report on Tuesday, January 22nd. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €104.06 ($121.00).
ETR WCH opened at €86.64 ($100.74) on Tuesday. Wacker Chemie has a 52 week low of €90.59 ($105.34) and a 52 week high of €175.75 ($204.36).
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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