UBS Group set a €105.00 ($122.09) target price on Wacker Chemie (ETR:WCH) in a research note issued to investors on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other equities analysts also recently issued research reports about the stock. Independent Research set a €52.50 ($61.05) target price on shares of Bayer and gave the stock a sell rating in a research note on Thursday, April 25th. Morgan Stanley set a $165.00 target price on shares of Caterpillar and gave the stock a buy rating in a research note on Wednesday, April 10th. HSBC set a €21.00 ($24.42) target price on shares of RWE and gave the stock a sell rating in a research note on Monday, June 24th. Kepler Capital Markets set a €23.00 ($26.74) target price on shares of ArcelorMittal and gave the stock a buy rating in a research note on Wednesday, June 5th. Finally, Berenberg Bank reiterated a buy rating and issued a $80.00 target price on shares of Trex in a research note on Monday, June 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of €94.00 ($109.30).
WCH opened at €66.18 ($76.95) on Thursday. The stock has a market capitalization of $3.29 billion and a P/E ratio of 20.20. The company has a debt-to-equity ratio of 43.38, a current ratio of 2.76 and a quick ratio of 1.55. The stock has a 50-day simple moving average of €69.99. Wacker Chemie has a twelve month low of €61.56 ($71.58) and a twelve month high of €130.25 ($151.45).
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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