Wacker Chemie (ETR:WCH) Given a €67.00 Price Target by Warburg Research Analysts
Warburg Research set a €67.00 ($77.91) target price on Wacker Chemie (ETR:WCH) in a research report sent to investors on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other research analysts have also recently commented on the company. Baader Bank set a €92.00 ($106.98) target price on Wacker Chemie and gave the stock a buy rating in a research report on Thursday, December 5th. Credit Suisse Group set a €61.00 ($70.93) target price on Wacker Chemie and gave the stock a neutral rating in a research report on Monday, October 21st. HSBC set a €62.00 ($72.09) target price on Wacker Chemie and gave the stock a neutral rating in a research report on Wednesday, November 20th. UBS Group set a €98.00 ($113.95) target price on Wacker Chemie and gave the stock a buy rating in a research report on Friday, December 6th. Finally, Commerzbank set a €61.00 ($70.93) target price on Wacker Chemie and gave the stock a neutral rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of €74.64 ($86.79).
Shares of WCH stock opened at €64.82 ($75.37) on Monday. The stock has a market cap of $3.22 billion and a P/E ratio of 23.81. Wacker Chemie has a one year low of €57.86 ($67.28) and a one year high of €97.92 ($113.86). The stock has a fifty day moving average price of €66.65 and a 200 day moving average price of €67.47. The company has a debt-to-equity ratio of 48.87, a current ratio of 2.68 and a quick ratio of 1.57.
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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