Wacker Chemie (ETR:WCH) has been given a €70.00 ($81.40) price objective by stock analysts at Berenberg Bank in a report issued on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 8.86% from the company’s current price.

Several other equities analysts have also commented on WCH. Kepler Capital Markets set a €56.00 ($65.12) price target on Wacker Chemie and gave the company a “sell” rating in a research note on Friday, December 6th. Warburg Research set a €67.00 ($77.91) price objective on Wacker Chemie and gave the stock a “neutral” rating in a research report on Monday, December 9th. Independent Research set a €65.00 ($75.58) price objective on shares of Wacker Chemie and gave the company a “neutral” rating in a report on Friday, December 6th. Baader Bank set a €92.00 ($106.98) target price on shares of Wacker Chemie and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. set a €63.00 ($73.26) target price on shares of Wacker Chemie and gave the stock a “neutral” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Wacker Chemie has a consensus rating of “Hold” and an average target price of €74.07 ($86.13).

WCH stock traded down €0.06 ($0.07) during midday trading on Tuesday, hitting €64.30 ($74.77). 47,420 shares of the company’s stock were exchanged, compared to its average volume of 218,420. Wacker Chemie has a 1-year low of €57.86 ($67.28) and a 1-year high of €97.92 ($113.86). The company has a current ratio of 2.68, a quick ratio of 1.57 and a debt-to-equity ratio of 48.87. The stock has a market capitalization of $3.19 billion and a PE ratio of 23.62. The business has a 50-day simple moving average of €66.03 and a two-hundred day simple moving average of €66.73.

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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Analyst Recommendations for Wacker Chemie (ETR:WCH)

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