A number of other research analysts have also recently issued reports on the company. UBS Group set a €170.00 ($197.67) price objective on Wacker Chemie and gave the company a buy rating in a report on Thursday, April 12th. Baader Bank set a €180.00 ($209.30) price objective on Wacker Chemie and gave the company a buy rating in a report on Tuesday, April 17th. Commerzbank set a €190.00 ($220.93) price objective on Wacker Chemie and gave the company a buy rating in a report on Wednesday, April 18th. Hauck & Aufhaeuser set a €157.00 ($182.56) price objective on Wacker Chemie and gave the company a buy rating in a report on Wednesday, June 20th. Finally, JPMorgan Chase & Co. set a €132.00 ($153.49) price objective on Wacker Chemie and gave the company a neutral rating in a report on Friday, June 22nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of €139.96 ($162.74).
WCH traded down €3.50 ($4.07) during trading on Thursday, reaching €124.25 ($144.48). 183,555 shares of the company’s stock were exchanged, 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 Company Profile
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.
Further Reading: Diversification Important in Investing
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