JPMorgan Chase & Co. Reiterates €63.00 Price Target for Wacker Chemie (ETR:WCH)

Wacker Chemie (ETR:WCH) has been assigned a €63.00 ($73.26) target price by equities research analysts at JPMorgan Chase & Co. in a report released on Friday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 6.94% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Bankhaus Lampe set a €88.00 ($102.33) price objective on Wacker Chemie and gave the stock a “buy” rating in a report on Thursday, August 8th. Kepler Capital Markets set a €73.00 ($84.88) target price on shares of Wacker Chemie and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Baader Bank set a €95.00 ($110.47) target price on shares of Wacker Chemie and gave the stock a “buy” rating in a research note on Thursday, August 1st. Berenberg Bank set a €70.00 ($81.40) target price on shares of Wacker Chemie and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, Credit Suisse Group set a €80.00 ($93.02) target price on shares of Wacker Chemie and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of €90.91 ($105.71).

WCH stock traded down €1.16 ($1.35) during trading on Friday, hitting €67.70 ($78.72). The stock had a trading volume of 187,806 shares, compared to its average volume of 218,420. The company has a debt-to-equity ratio of 48.75, a current ratio of 2.54 and a quick ratio of 1.38. Wacker Chemie has a twelve month low of €61.56 ($71.58) and a twelve month high of €119.90 ($139.42). The stock has a market capitalization of $3.36 billion and a P/E ratio of 28.65. The company’s 50-day moving average price is €68.38 and its two-hundred day moving average price is €74.23.

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.

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Analyst Recommendations for Wacker Chemie (ETR:WCH)

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