Wacker Chemie AG (WCH) Receives Consensus Recommendation of “Hold” from Brokerages
Wacker Chemie AG (ETR:WCH) has been given a consensus rating of “Hold” by the twenty research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is €139.96 ($159.04).
WCH has been the topic of a number of recent analyst reports. Commerzbank set a €145.00 ($164.77) price target on shares of Wacker Chemie and gave the company a “buy” rating in a report on Wednesday, August 1st. Nord/LB set a €130.00 ($147.73) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a report on Monday, July 30th. Morgan Stanley set a €125.00 ($142.05) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a report on Wednesday, July 25th. Kepler Capital Markets set a €138.00 ($156.82) price target on shares of Wacker Chemie and gave the company a “neutral” rating in a report on Thursday, July 26th. Finally, Baader Bank set a €181.00 ($205.68) price objective on shares of Wacker Chemie and gave the company a “buy” rating in a research report on Friday, June 15th.
ETR:WCH opened at €120.40 ($136.82) on Friday. Wacker Chemie has a 52 week low of €90.59 ($102.94) and a 52 week high of €175.75 ($199.72).
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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