Wacker Chemie (ETR:WCH) PT Set at €69.00 by Independent Research

Wacker Chemie (ETR:WCH) received a €69.00 ($80.23) price objective from equities research analysts at Independent Research in a note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price target suggests a potential upside of 4.48% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. HSBC set a €73.00 ($84.88) price objective on shares of Wacker Chemie and gave the stock a “neutral” rating in a research note on Monday, June 24th. Berenberg Bank set a €70.00 ($81.40) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a research note on Monday. Kepler Capital Markets set a €73.00 ($84.88) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a research note on Wednesday, June 5th. UBS Group set a €105.00 ($122.09) price target on shares of Wacker Chemie and gave the company a “buy” rating in a research note on Thursday. Finally, Baader Bank set a €95.00 ($110.47) price target on shares of Wacker Chemie and gave the company a “buy” rating in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of €92.56 ($107.63).

Wacker Chemie stock traded down €0.06 ($0.07) during trading hours on Monday, reaching €66.04 ($76.79). 106,098 shares of the stock were exchanged, compared to its average volume of 218,420. The company has a market cap of $3.28 billion and a P/E ratio of 20.15. The company has a debt-to-equity ratio of 43.38, a quick ratio of 1.55 and a current ratio of 2.76. Wacker Chemie has a twelve month low of €61.56 ($71.58) and a twelve month high of €130.25 ($151.45). The stock has a 50 day moving average price of €67.82.

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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Analyst Recommendations for Wacker Chemie (ETR:WCH)

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