Independent Research set a €65.00 ($75.58) price objective on Wacker Chemie (ETR:WCH) in a research note released on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other analysts have also recently weighed in on the stock. Warburg Research set a €70.60 ($82.09) price objective on shares of Wacker Chemie and gave the stock a neutral rating in a report on Tuesday, October 29th. Commerzbank set a €61.00 ($70.93) price objective on shares of Wacker Chemie and gave the company a neutral rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. set a €63.00 ($73.26) target price on shares of Wacker Chemie and gave the company a neutral rating in a research note on Friday. Bankhaus Lampe set a €88.00 ($102.33) target price on shares of Wacker Chemie and gave the stock a buy rating in a research report on Thursday, August 8th. Finally, UBS Group set a €98.00 ($113.95) price target on shares of Wacker Chemie and gave the company a buy rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Wacker Chemie presently has a consensus rating of Hold and an average target price of €74.90 ($87.09).
Shares of ETR WCH opened at €64.26 ($74.72) on Friday. The company has a debt-to-equity ratio of 48.87, a current ratio of 2.68 and a quick ratio of 1.57. The firm has a market capitalization of $3.19 billion and a PE ratio of 23.61. Wacker Chemie has a 1-year low of €57.86 ($67.28) and a 1-year high of €97.92 ($113.86). The business’s fifty day moving average price is €66.76 and its two-hundred day moving average price is €67.66.
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.
Recommended Story: What is an investor looking for in an SEC filing?
Receive News & Ratings for Wacker Chemie Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wacker Chemie and related companies with MarketBeat.com's FREE daily email newsletter.