Wacker Chemie (ETR:WCH) has been assigned a €128.00 ($152.38) price target by equities research analysts at Morgan Stanley in a research note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 21.11% from the stock’s current price.
Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. set a €122.00 ($145.24) price target on Wacker Chemie and gave the stock a “buy” rating in a report on Monday, September 25th. Warburg Research set a €129.00 ($153.57) price target on Wacker Chemie and gave the stock a “buy” rating in a report on Monday, September 25th. DZ Bank reissued a “buy” rating on shares of Wacker Chemie in a report on Thursday, September 21st. Berenberg Bank set a €155.00 ($184.52) price target on Wacker Chemie and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, UBS Group set a €165.00 ($196.43) price target on Wacker Chemie and gave the stock a “buy” rating in a report on Thursday, December 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Wacker Chemie currently has an average rating of “Hold” and a consensus target price of €127.94 ($152.30).
Shares of Wacker Chemie (WCH) opened at €162.25 ($193.15) on Tuesday. Wacker Chemie has a 52-week low of €90.59 ($107.85) and a 52-week high of €164.15 ($195.42). The company has a market capitalization of $8,460.00 and a PE ratio of 37.04.
About Wacker Chemie
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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