Wacker Chemie (WCH) PT Set at €114.00 by Nord/LB
Wacker Chemie (ETR:WCH) received a €114.00 ($135.71) target price from Nord/LB in a research note issued to investors on Friday. The firm currently has a “sell” rating on the stock. Nord/LB’s price target suggests a potential downside of 20.20% from the company’s current price.
Several other equities research analysts have also issued reports on WCH. Macquarie set a €84.67 ($100.80) price target on Wacker Chemie and gave the company a “sell” rating in a report on Friday, September 8th. Berenberg Bank set a €112.00 ($133.33) target price on Wacker Chemie and gave the stock a “neutral” rating in a report on Thursday, September 21st. DZ Bank restated a “buy” rating on shares of Wacker Chemie in a report on Thursday, September 21st. Warburg Research set a €129.00 ($153.57) target price on Wacker Chemie and gave the stock a “buy” rating in a report on Monday, September 25th. Finally, J P Morgan Chase & Co set a €122.00 ($145.24) target price on Wacker Chemie and gave the stock a “buy” rating in a report on Monday, September 25th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Wacker Chemie presently has an average rating of “Hold” and an average price target of €120.93 ($143.97).
Shares of Wacker Chemie (WCH) opened at €142.85 ($170.06) on Friday. Wacker Chemie has a 1-year low of €88.00 ($104.76) and a 1-year high of €143.65 ($171.01).
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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