Wacker Chemie (WCH) Given a €149.00 Price Target at Hauck & Aufhaeuser
A number of other brokerages have also weighed in on WCH. JPMorgan Chase & Co. set a €132.00 ($153.49) price target on shares of Wacker Chemie and gave the company a neutral rating in a report on Thursday, July 26th. Commerzbank set a €145.00 ($168.60) price target on shares of Wacker Chemie and gave the company a buy rating in a report on Wednesday, August 1st. Warburg Research set a €162.50 ($188.95) price target on shares of Wacker Chemie and gave the company a buy rating in a report on Monday, August 6th. Nord/LB set a €130.00 ($151.16) price target on shares of Wacker Chemie and gave the company a neutral rating in a report on Monday, July 30th. Finally, UBS Group set a €170.00 ($197.67) price target on shares of Wacker Chemie and gave the company a buy rating in a report on Thursday, July 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of €140.47 ($163.34).
Shares of WCH traded down €1.00 ($1.16) during mid-day trading on Friday, reaching €90.66 ($105.42). The company had a trading volume of 144,960 shares, compared to its average volume of 218,420. Wacker Chemie has a fifty-two week low of €90.59 ($105.34) and a fifty-two week high of €175.75 ($204.36).
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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