Hauck & Aufhaeuser Reiterates “€122.00” Price Target for Wacker Chemie (WCH)
WCH has been the subject of a number of other research reports. UBS Group set a €170.00 ($197.67) price target on shares of Wacker Chemie and gave the company a buy rating in a report on Wednesday, November 21st. Warburg Research set a €125.00 ($145.35) price target on shares of Wacker Chemie and gave the company a buy rating in a report on Monday, November 5th. JPMorgan Chase & Co. set a €78.00 ($90.70) price target on shares of Wacker Chemie and gave the company a neutral rating in a report on Monday, November 5th. Citigroup set a €123.00 ($143.02) price target on shares of Wacker Chemie and gave the company a neutral rating in a report on Friday, October 5th. Finally, HSBC set a €110.00 ($127.91) price target on shares of Wacker Chemie and gave the company a buy rating in a report on Wednesday, December 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of €105.63 ($122.82).
Shares of Wacker Chemie stock traded down €1.28 ($1.49) during trading on Thursday, reaching €86.58 ($100.67). 176,940 shares of the stock traded hands, compared to its average volume of 218,420. Wacker Chemie has a 52-week low of €90.59 ($105.34) and a 52-week high of €175.75 ($204.36).
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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