Morgan Stanley set a €73.00 ($84.88) price target on Wacker Chemie (ETR:WCH) in a report released on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Other equities analysts also recently issued reports about the stock. Berenberg Bank restated a buy rating and set a $80.00 price objective on shares of Trex in a research note on Monday, June 10th. Warburg Research set a €220.00 ($255.81) price objective on shares of Wirecard and gave the stock a buy rating in a research note on Monday, April 29th. JPMorgan Chase & Co. upped their target price on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a report on Friday, July 5th. Kepler Capital Markets set a €23.00 ($26.74) target price on shares of ArcelorMittal and gave the company a buy rating in a report on Wednesday, June 5th. Finally, Nord/LB set a €45.00 ($52.33) target price on shares of Draegerwerk AG & Co KGaA and gave the company a neutral rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Wacker Chemie presently has a consensus rating of Hold and an average target price of €93.44 ($108.65).
Wacker Chemie stock opened at €65.66 ($76.35) on Monday. The business’s 50-day simple moving average is €69.47. Wacker Chemie has a one year low of €61.56 ($71.58) and a one year high of €130.25 ($151.45). The company has a debt-to-equity ratio of 43.38, a quick ratio of 1.55 and a current ratio of 2.76. The firm has a market cap of $3.26 billion and a P/E ratio of 20.04.
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.
Recommended Story: Why is the Consumer Price Index (CPI) important?
Receive News & Ratings for Wacker Chemie Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wacker Chemie and related companies with MarketBeat.com's FREE daily email newsletter.