JPMorgan Chase & Co. Reiterates “€165.00” Price Target for Wacker Chemie (WCH)
Wacker Chemie (ETR:WCH) received a €165.00 ($196.43) target price from JPMorgan Chase & Co. in a note issued to investors on Monday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 3.96% from the stock’s previous close.
WCH has been the topic of several other research reports. UBS Group set a €120.00 ($142.86) price target on Wacker Chemie and gave the company a “neutral” rating in a research note on Friday, October 6th. Warburg Research set a €129.00 ($153.57) price objective on Wacker Chemie and gave the stock a “buy” rating in a research report on Monday, September 25th. Berenberg Bank set a €155.00 ($184.52) price objective on Wacker Chemie and gave the stock a “buy” rating in a research report on Monday, October 30th. Nord/LB set a €114.00 ($135.71) price objective on Wacker Chemie and gave the stock a “sell” rating in a research report on Friday, December 8th. Finally, DZ Bank restated a “neutral” rating on shares of Wacker Chemie in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of €135.94 ($161.83).
Wacker Chemie (ETR WCH) opened at €171.80 ($204.52) on Monday. Wacker Chemie has a 52 week low of €90.59 ($107.85) and a 52 week high of €173.75 ($206.85). The stock has a market capitalization of $8,960.00 and a price-to-earnings ratio of 39.22.
Wacker Chemie Company Profile
Wacker Chemie AG provides specialty chemical products worldwide. It operates through five divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, Wacker Polysilicon, and Siltronic. The Wacker Silicones division offers silanes, siloxanes, silicone fluids and emulsions, elastomers, resins, pyrogenic silica, and organofunctional silanes, which are primarily used as starting materials in the production of silicones.
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