Wacker Chemie (ETR:WCH) has been assigned a €63.00 ($73.26) price target by JPMorgan Chase & Co. in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 2.75% from the stock’s previous close.
Several other analysts also recently weighed in on the company. Independent Research set a €65.00 ($75.58) price objective on Wacker Chemie and gave the company a “neutral” rating in a research report on Friday, December 6th. Baader Bank set a €92.00 ($106.98) target price on shares of Wacker Chemie and gave the stock a “buy” rating in a report on Thursday, December 5th. Commerzbank set a €61.00 ($70.93) target price on shares of Wacker Chemie and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. HSBC set a €62.00 ($72.09) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a report on Wednesday, November 20th. Finally, Berenberg Bank set a €70.00 ($81.40) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of €74.07 ($86.13).
WCH traded down €1.16 ($1.35) on Friday, hitting €64.78 ($75.33). 122,653 shares of the company were exchanged, compared to its average volume of 218,420. The firm has a fifty day simple moving average of €66.07 and a two-hundred day simple moving average of €66.67. The company has a debt-to-equity ratio of 48.87, a quick ratio of 1.57 and a current ratio of 2.68. Wacker Chemie has a 12 month low of €57.86 ($67.28) and a 12 month high of €97.92 ($113.86). The stock has a market capitalization of $3.23 billion and a PE ratio of 23.80.
Wacker Chemie Company Profile
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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