Nord/LB Analysts Give Wacker Chemie AG (WCH) a €114.00 Price Target
Wacker Chemie AG (ETR:WCH) has been assigned a €114.00 ($132.56) target price by Nord/LB in a research note issued to investors on Friday. The firm currently has a “sell” rating on the stock. Nord/LB’s target price suggests a potential downside of 18.54% from the stock’s previous close.
WCH has been the topic of several other research reports. DZ Bank AG restated a “neutral” rating on shares of Wacker Chemie AG in a research report on Friday, November 3rd. Warburg Research set a €144.60 ($168.14) price objective on Wacker Chemie AG and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. set a €135.00 ($156.98) price objective on Wacker Chemie AG and gave the stock a “neutral” rating in a research report on Monday, October 30th. Berenberg Bank set a €155.00 ($180.23) price objective on Wacker Chemie AG and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Kepler Capital Markets set a €122.00 ($141.86) price objective on Wacker Chemie AG and gave the stock a “neutral” rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of €117.75 ($136.92).
Shares of Wacker Chemie AG (ETR:WCH) traded up €1.55 ($1.80) during midday trading on Friday, reaching €139.95 ($162.73). The company had a trading volume of 134,666 shares, compared to its average volume of 140,868. Wacker Chemie AG has a 52-week low of €79.55 ($92.50) and a 52-week high of €143.30 ($166.63).
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About Wacker Chemie AG
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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