Independent Research Analysts Give Wacker Chemie (WCH) a €80.00 Price Target

Independent Research set a €80.00 ($93.02) price objective on Wacker Chemie (ETR:WCH) in a research report released on Thursday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

A number of other equities research analysts also recently issued reports on WCH. JPMorgan Chase & Co. set a €78.00 ($90.70) price objective on shares of Wacker Chemie and gave the stock a sell rating in a research report on Thursday. Baader Bank set a €115.00 ($133.72) price objective on shares of Wacker Chemie and gave the stock a buy rating in a research report on Thursday. Berenberg Bank set a €75.00 ($87.21) price objective on shares of Wacker Chemie and gave the stock a sell rating in a research report on Tuesday, April 2nd. Warburg Research set a €116.00 ($134.88) price objective on shares of Wacker Chemie and gave the stock a buy rating in a research report on Tuesday, March 26th. Finally, UBS Group set a €110.00 ($127.91) price objective on shares of Wacker Chemie and gave the stock a buy rating in a research report on Friday, March 15th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of €97.63 ($113.52).

Shares of WCH stock opened at €81.10 ($94.30) on Thursday. Wacker Chemie has a 52-week low of €70.08 ($81.49) and a 52-week high of €157.05 ($182.62). The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 31.70. The stock has a market capitalization of $4.03 billion and a price-to-earnings ratio of 16.37.

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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