Wacker Chemie (ETR:WCH) has been given a €90.00 ($104.65) price target by analysts at UBS Group in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 26.23% from the stock’s current price.
Several other equities analysts also recently weighed in on the company. Credit Suisse Group set a €61.00 ($70.93) target price on Wacker Chemie and gave the company a “neutral” rating in a research report on Monday, October 21st. Berenberg Bank set a €70.00 ($81.40) target price on Wacker Chemie and gave the company a “neutral” rating in a research report on Thursday, January 30th. Independent Research set a €65.00 ($75.58) target price on Wacker Chemie and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Kepler Capital Markets set a €56.00 ($65.12) price objective on Wacker Chemie and gave the company a “sell” rating in a research report on Tuesday, February 4th. Finally, Baader Bank set a €88.00 ($102.33) price objective on Wacker Chemie and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of €73.79 ($85.80).
ETR WCH opened at €71.30 ($82.91) on Thursday. The company has a market cap of $3.54 billion and a P/E ratio of 26.19. The company has a debt-to-equity ratio of 48.87, a quick ratio of 1.57 and a current ratio of 2.68. The business’s 50 day moving average price is €65.79 and its 200-day moving average price is €66.47. Wacker Chemie has a fifty-two week low of €57.86 ($67.28) and a fifty-two week high of €97.92 ($113.86).
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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