Warburg Research Analysts Give Wacker Chemie (ETR:WCH) a €99.50 Price Target

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Warburg Research set a €99.50 ($115.70) price objective on Wacker Chemie (ETR:WCH) in a report issued on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on the company. Independent Research set a €69.00 ($80.23) price objective on Wacker Chemie and gave the company a neutral rating in a research report 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 report on Monday, June 24th. Kepler Capital Markets set a €73.00 ($84.88) price objective on Wacker Chemie and gave the company a neutral rating in a research report on Wednesday, June 5th. Berenberg Bank set a €70.00 ($81.40) price objective on Wacker Chemie and gave the company a neutral rating in a research report on Monday, August 5th. Finally, Baader Bank set a €95.00 ($110.47) price objective on Wacker Chemie and gave the company a buy rating in a research report on Thursday, August 1st. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of €91.32 ($106.19).

Shares of Wacker Chemie stock opened at €63.74 ($74.12) on Tuesday. The company has a current ratio of 2.54, a quick ratio of 1.38 and a debt-to-equity ratio of 48.75. The firm has a market capitalization of $3.17 billion and a P/E ratio of 26.97. The business has a fifty day simple moving average of €67.15 and a two-hundred day simple moving average of €76.93. Wacker Chemie has a 12 month low of €61.56 ($71.58) and a 12 month high of €129.80 ($150.93).

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: Book Value Of Equity Per Share – BVPS Explained

Analyst Recommendations for Wacker Chemie (ETR:WCH)

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