Wacker Chemie (ETR:WCH) Rating Upped
Wacker Chemie (ETR:WCH)’s rating was raised by equity research analysts at Independent Research GmbH to “Buy”. They have a PT of EUR 90.00 on WCH. Independent Research GmbH’s PT would indicate a potential upside of 31.50% from the stock’s last stock close price.
The firm’s rating upgrade is well received by equity traders, as ETR:WCH is right now trading 0.87% higher at EUR 68.50 as of 04:50 Frankfurt time. Wacker Chemie’s stock is down -24.43% in the last 200 days. It has underperformed the S&P 500, which has dropped -3.31% in the same time period.
Out of 16 analysts covering Wacker Chemie, 9 rate it a Buy, 6 indicate a Hold while 4 suggest a Sell. The highest target is EUR 140 and the lowest is EUR 61 according to Thomson/First Call. The 12-month mean target is EUR 96.81, which means upside potential of 41.33% over the current price.
Wacker Chemie (ETR:WCH) Profile
Wacker Chemie AG is a Germany-based company engaged in chemical industry. The Company operates through four business segments: WACKER SILICONES, which produces silicone products, ranging from silanes through silicone fluids, emulsions, elastomers, sealants and resins to pyrogenic silicas; WACKER POLYMERS, which offers a range of polymeric binders and additives; WACKER POLYSILICON, which provides polysilicon, and WACKER BIOSOLUTIONS, which is the life science division of the Company, offers solutions and products for the food, pharmaceutical and agrochemical industries. The Company offers its products for a range of sectors, including consumer goods, food, pharmaceuticals, textiles and the solar, electrical/electronics, basic-chemical industries, medical technology, biotech and mechanical engineering, automotive and construction.
Wacker Chemie (ETR:WCH) traded up 0.87% on 2 October, hitting EUR 68.5. A total of 127,106 shares of the company’s stock traded hands. This is down from average of 128,066 shares. Wacker Chemie has a 52 week low of EUR 65.13 and a 52 week high of EUR 117.80. The company has a market cap of 3.52B EUR and a P/E ratio of 11.93.
