Wacker Chemie (ETR:WCH) has been assigned a €93.00 ($108.14) price objective by equities research analysts at Berenberg Bank in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 10.16% from the stock’s previous close.
A number of other research analysts also recently commented on the company. Commerzbank set a €145.00 ($168.60) price objective on Wacker Chemie and gave the company a “buy” rating in a report on Thursday, October 25th. Independent Research set a €79.00 ($91.86) price objective on Wacker Chemie and gave the company a “neutral” rating in a report on Monday, October 29th. Kepler Capital Markets set a €85.00 ($98.84) price objective on Wacker Chemie and gave the company a “neutral” rating in a report on Wednesday, October 31st. JPMorgan Chase & Co. set a €86.00 ($100.00) price objective on Wacker Chemie and gave the company a “sell” rating in a report on Tuesday, October 16th. Finally, Societe Generale set a €120.00 ($139.53) price objective on Wacker Chemie and gave the company a “buy” rating in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of €122.65 ($142.61).
WCH opened at €84.42 ($98.16) on Tuesday. Wacker Chemie has a one year low of €90.59 ($105.34) and a one year high of €175.75 ($204.36).
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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