Wacker Chemie (WCH) Given a €110.00 Price Target at UBS Group
Wacker Chemie (ETR:WCH) has been given a €110.00 ($127.91) price target by UBS Group in a note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 29.41% from the company’s current price.
Several other equities analysts also recently issued reports on the stock. Baader Bank set a €115.00 ($133.72) price objective on shares of Wacker Chemie and gave the company a “buy” rating in a report on Thursday, April 11th. Hauck & Aufhaeuser set a €115.00 ($133.72) price objective on shares of Wacker Chemie and gave the company a “buy” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. set a €78.00 ($90.70) price objective on shares of Wacker Chemie and gave the company a “sell” rating in a report on Wednesday, March 6th. Independent Research set a €80.00 ($93.02) price objective on shares of Wacker Chemie and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Kepler Capital Markets set a €71.00 ($82.56) price objective on shares of Wacker Chemie and gave the company a “sell” rating in a report on Wednesday, April 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Wacker Chemie currently has a consensus rating of “Hold” and an average target price of €98.13 ($114.10).
WCH opened at €85.00 ($98.84) on Tuesday. Wacker Chemie has a 52-week low of €70.08 ($81.49) and a 52-week high of €157.05 ($182.62). The company has a debt-to-equity ratio of 31.70, a quick ratio of 1.35 and a current ratio of 2.50. The stock has a market cap of $4.22 billion and a PE ratio of 17.16.
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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