Wacker Chemie AG (ETR:WCH) has been assigned a €122.00 ($141.86) price target by J P Morgan Chase & Co in a report issued on Thursday, October 26th. The firm currently has a “buy” rating on the stock. J P Morgan Chase & Co’s price target would indicate a potential downside of 9.60% from the stock’s current price.
A number of other equities analysts have also issued reports on WCH. UBS AG set a €120.00 ($139.53) target price on shares of Wacker Chemie AG and gave the company a “neutral” rating in a research report on Friday, October 6th. DZ Bank AG reiterated a “neutral” rating on shares of Wacker Chemie AG in a research report on Thursday, October 5th. Independent Research GmbH set a €118.00 ($137.21) target price on shares of Wacker Chemie AG and gave the company a “neutral” rating in a research report on Friday, October 6th. BNP Paribas set a €110.00 ($127.91) target price on shares of Wacker Chemie AG and gave the company a “neutral” rating in a research report on Friday, October 6th. Finally, Macquarie set a €84.67 ($98.45) price objective on shares of Wacker Chemie AG and gave the company a “sell” rating in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of €116.82 ($135.83).
Shares of Wacker Chemie AG (WCH) traded up €0.15 ($0.17) during trading hours on Thursday, hitting €134.95 ($156.92). 127,014 shares of the company’s stock were exchanged, compared to its average volume of 142,772. Wacker Chemie AG has a 52 week low of €76.36 ($88.79) and a 52 week high of €142.00 ($165.12).
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Wacker Chemie AG 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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