Wacker Chemie (ETR:WCH) received a €180.00 ($222.22) price objective from research analysts at Baader Bank in a report released on Thursday, March 22nd. The firm presently has a “buy” rating on the stock. Baader Bank’s price objective would indicate a potential upside of 19.76% from the company’s previous close.
A number of other research analysts have also weighed in on WCH. Kepler Capital Markets set a €122.00 ($150.62) price objective on Wacker Chemie and gave the company a “neutral” rating in a report on Tuesday, November 28th. Warburg Research set a €147.30 ($181.85) target price on Wacker Chemie and gave the stock a “neutral” rating in a report on Wednesday, December 6th. UBS set a €165.00 ($203.70) target price on Wacker Chemie and gave the stock a “buy” rating in a report on Thursday, December 7th. Nord/LB set a €114.00 ($140.74) target price on Wacker Chemie and gave the stock a “sell” rating in a report on Friday, December 8th. Finally, Deutsche Bank set a €180.00 ($222.22) target price on Wacker Chemie and gave the stock a “buy” rating in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of €145.47 ($179.60).
Shares of Wacker Chemie stock traded up €4.95 ($6.11) on Thursday, reaching €150.30 ($185.56). 141,324 shares of the company were exchanged, compared to its average volume of 218,420. Wacker Chemie has a one year low of €90.59 ($111.84) and a one year high of €175.75 ($216.98).
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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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