Wacker Chemie AG (WCH) Given a €155.00 Price Target by Berenberg Bank Analysts

Wacker Chemie AG (ETR:WCH) has been assigned a €155.00 ($182.35) price objective by Berenberg Bank in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock.

A number of other equities analysts have also commented on WCH. J P Morgan Chase & Co set a €115.00 ($135.29) price objective on shares of Wacker Chemie AG and gave the stock a “buy” rating in a report on Monday, July 31st. Kepler Capital Markets set a €113.00 ($132.94) price objective on shares of Wacker Chemie AG and gave the stock a “neutral” rating in a report on Monday, August 7th. UBS AG set a €110.00 ($129.41) price objective on shares of Wacker Chemie AG and gave the stock a “neutral” rating in a report on Monday, August 7th. DZ Bank AG set a €122.00 ($143.53) price objective on shares of Wacker Chemie AG and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, Citigroup Inc. set a €76.00 ($89.41) price objective on shares of Wacker Chemie AG and gave the stock a “sell” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €115.78 ($136.21).

Shares of Wacker Chemie AG (ETR:WCH) opened at 133.396 on Monday. The stock has a 50 day moving average price of €119.92 and a 200 day moving average price of €104.81. The firm has a market capitalization of €6.63 billion and a PE ratio of 8.129. Wacker Chemie AG has a 52 week low of €75.10 and a 52 week high of €133.60.

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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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