Wacker Chemie (OTCMKTS:WKCMF) was downgraded by Warburg Research to a “hold” rating in a report issued on Wednesday, TipRanks reports. They presently have a $166.00 target price on the stock. Warburg Research’s price objective would suggest a potential downside of 12.17% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of Wacker Chemie in a research report on Thursday, June 17th. Barclays upped their target price on shares of Wacker Chemie from €161.00 ($189.41) to €175.00 ($205.88) and gave the stock an “overweight” rating in a research note on Thursday, September 2nd. Morgan Stanley restated an “equal weight” rating on shares of Wacker Chemie in a research note on Friday, August 6th. BNP Paribas raised shares of Wacker Chemie from a “neutral” rating to an “outperform” rating in a report on Monday, June 21st. Finally, UBS Group reaffirmed a “buy” rating on shares of Wacker Chemie in a report on Tuesday, September 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.50.
OTCMKTS WKCMF remained flat at $$189.00 during trading on Wednesday. The firm has a fifty day simple moving average of $160.40 and a 200 day simple moving average of $155.35. Wacker Chemie has a 12 month low of $89.90 and a 12 month high of $189.00.
Wacker Chemie AG engages in the manufacture and distribution of chemical products. It operates through the following segments: Silicones, Polymers, Biosolutions, Polysilicons, and Other. The Silicones segment includes silicones and silicone rubber for consumer goods, chemicals, energy and electronics applications, and construction products.
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