Berenberg Bank Analysts Give Wacker Chemie (ETR:WCH) a €70.00 Price Target

Berenberg Bank set a €70.00 ($81.40) price objective on Wacker Chemie (ETR:WCH) in a report issued on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Several other analysts also recently issued reports on WCH. Baader Bank set a €116.00 ($134.88) price target on shares of Wacker Chemie and gave the company a buy rating in a research report on Tuesday, February 12th. UBS Group set a €120.00 ($139.53) price target on shares of Wacker Chemie and gave the company a buy rating in a research report on Monday, February 18th. Hauck & Aufhaeuser set a €115.00 ($133.72) price target on shares of Wacker Chemie and gave the company a buy rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. set a €78.00 ($90.70) price target on shares of Wacker Chemie and gave the company a sell rating in a research report on Wednesday, March 6th. Finally, Independent Research set a €74.00 ($86.05) price target on shares of Wacker Chemie and gave the company a sell rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of €97.31 ($113.15).

ETR WCH opened at €74.30 ($86.40) on Monday. Wacker Chemie has a 12-month low of €68.06 ($79.14) and a 12-month high of €130.25 ($151.45). The company has a debt-to-equity ratio of 43.38, a current ratio of 2.76 and a quick ratio of 1.55. The firm has a market capitalization of $3.69 billion and a P/E ratio of 22.67.

About Wacker Chemie

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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Analyst Recommendations for Wacker Chemie (ETR:WCH)

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