Wacker Chemie (ETR:WCH) received a €128.00 ($152.38) price target from equities research analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday. The brokerage currently has a “neutral” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 20.05% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. DZ Bank reaffirmed a “neutral” rating on shares of Wacker Chemie in a research report on Friday, November 3rd. Nord/LB set a €114.00 ($135.71) price target on shares of Wacker Chemie and gave the company a “sell” rating in a research report on Friday, November 17th. Macquarie set a €84.67 ($100.80) price target on shares of Wacker Chemie and gave the company a “sell” rating in a research report on Friday, September 8th. Kepler Capital Markets set a €122.00 ($145.24) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a research report on Tuesday, November 28th. Finally, Berenberg Bank set a €155.00 ($184.52) price target on shares of Wacker Chemie and gave the company a “buy” rating in a research report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of €127.94 ($152.30).
Shares of Wacker Chemie (ETR:WCH) opened at €160.10 ($190.60) on Wednesday. Wacker Chemie has a 52-week low of €90.59 ($107.85) and a 52-week high of €164.15 ($195.42).
Wacker Chemie 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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