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Wacker Chemie (ETR:WCH) Given a €98.00 Price Target at UBS Group
Posted by James Quigley on Dec 6th, 2019
Wacker Chemie (ETR:WCH) has been assigned a €98.00 ($113.95) target price by research analysts at UBS Group in a research note issued on Friday, Borsen Zeitung reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price indicates a potential upside of 53.17% from the company's previous close.
WCH has been the topic of a number of other reports. JPMorgan Chase & Co. set a €63.00 ($73.26) price objective on shares of Wacker Chemie and gave the stock a "neutral" rating in a report on Friday. Independent Research set a €65.00 ($75.58) target price on shares of Wacker Chemie and gave the company a "neutral" rating in a research report on Friday. Baader Bank set a €92.00 ($106.98) target price on shares of Wacker Chemie and gave the company a "buy" rating in a research report on Thursday. Kepler Capital Markets set a €56.00 ($65.12) target price on shares of Wacker Chemie and gave the company a "sell" rating in a research report on Friday. Finally, Credit Suisse Group set a €61.00 ($70.93) target price on shares of Wacker Chemie and gave the company a "neutral" rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of "Hold" and a consensus price target of €74.90 ($87.09).
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Shares of ETR:WCH traded up €1.78 ($2.07) during midday trading on Friday, reaching €63.98 ($74.40). 352,697 shares of the company were exchanged, compared to its average volume of 218,420. Wacker Chemie has a fifty-two week low of €57.86 ($67.28) and a fifty-two week high of €97.92 ($113.86). The company has a quick ratio of 1.57, a current ratio of 2.68 and a debt-to-equity ratio of 48.87. The stock has a fifty day simple moving average of €66.81 and a two-hundred day simple moving average of €67.69. The firm has a market cap of $3.18 billion and a PE ratio of 23.50.
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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