Wacker Chemie AG (ETR:WCH) received a €144.60 ($170.12) target price from investment analysts at Warburg Research in a report issued on Thursday. The firm currently has a “neutral” rating on the stock. Warburg Research’s price target would suggest a potential upside of 2.66% from the stock’s current price.
Several other equities research analysts have also recently issued reports on the stock. Macquarie set a €84.67 ($99.61) price objective on shares of Wacker Chemie AG and gave the stock a “sell” rating in a research report on Friday, September 8th. DZ Bank AG reaffirmed a “buy” rating on shares of Wacker Chemie AG in a research report on Tuesday, July 11th. BNP Paribas set a €100.00 ($117.65) price objective on shares of Wacker Chemie AG and gave the stock a “neutral” rating in a research report on Monday, July 24th. UBS Group AG (USA) set a €85.00 ($100.00) price objective on shares of Wacker Chemie AG and gave the stock a “sell” rating in a research report on Monday, July 24th. Finally, Berenberg Bank set a €112.00 ($131.76) price objective on shares of Wacker Chemie AG and gave the stock a “neutral” rating in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of €116.82 ($137.43).
Wacker Chemie AG (ETR:WCH) traded up €3.25 ($3.82) during trading on Thursday, hitting €140.85 ($165.71). 128,591 shares of the stock traded hands.
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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