Credit Suisse Group set a €58.00 ($67.44) price objective on Wacker Chemie (ETR:WCH) in a research note released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
WCH has been the subject of several other reports. Warburg Research set a €99.50 ($115.70) price objective on Wacker Chemie and gave the company a buy rating in a research note on Tuesday, August 13th. Hauck & Aufhaeuser set a €105.00 ($122.09) price objective on Wacker Chemie and gave the company a buy rating in a research note on Monday, June 17th. Berenberg Bank set a €70.00 ($81.40) price objective on Wacker Chemie and gave the company a neutral rating in a research note on Monday, August 5th. HSBC set a €73.00 ($84.88) price objective on Wacker Chemie and gave the company a neutral rating in a research note on Monday, June 24th. Finally, Independent Research set a €69.00 ($80.23) price objective on Wacker Chemie and gave the company a neutral rating in a research note on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of €84.70 ($98.49).
WCH opened at €65.40 ($76.05) on Tuesday. The company has a debt-to-equity ratio of 48.75, a current ratio of 2.54 and a quick ratio of 1.38. The business has a 50 day simple moving average of €66.07 and a 200-day simple moving average of €71.31. The stock has a market capitalization of $3.25 billion and a P/E ratio of 27.68. Wacker Chemie has a 12 month low of €57.86 ($67.28) and a 12 month high of €101.20 ($117.67).
About Wacker Chemie
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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