Wacker Chemie (ETR:WCH) has been assigned a €145.00 ($168.60) target price by research analysts at Commerzbank in a research note issued on Thursday, October 25th. The firm presently has a “buy” rating on the stock. Commerzbank’s price target suggests a potential upside of 61.61% from the stock’s current price.
A number of other equities research analysts also recently issued reports on the stock. Kepler Capital Markets set a €138.00 ($160.47) target price on shares of Wacker Chemie and gave the stock a “neutral” rating in a research report on Thursday, October 25th. Societe Generale set a €120.00 ($139.53) target price on shares of Wacker Chemie and gave the stock a “buy” rating in a research report on Monday, October 22nd. Hauck & Aufhaeuser set a €149.00 ($173.26) target price on shares of Wacker Chemie and gave the stock a “buy” rating in a research report on Friday, October 19th. JPMorgan Chase & Co. set a €86.00 ($100.00) price target on shares of Wacker Chemie and gave the company a “sell” rating in a report on Tuesday, October 16th. Finally, Independent Research set a €105.00 ($122.09) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a report on Friday, October 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of €122.65 ($142.61).
WCH stock traded down €2.96 ($3.44) during midday trading on Thursday, reaching €89.72 ($104.33). The company had a trading volume of 309,917 shares, compared to its average volume of 218,420. Wacker Chemie has a 1 year low of €90.59 ($105.34) and a 1 year high of €175.75 ($204.36).
Wacker Chemie Company Profile
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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