Breaking: Credit Suisse Group Keeps EUR 86.00 Price Objective On Wacker Chemie (ETR:WCH) Shares, Keeps Their Original Neutral Rating

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Wacker Chemie (ETR:WCH) Rating Reaffirmed

In an analyst research report shared with investors this morning, Credit Suisse Group kept steady their Neutral rating on Wacker Chemie (ETR:WCH) shares. The price target implies a possible upside of 1.74% from company’s last close price.

From a total of 14 analysts covering Wacker Chemie (ETR:WCH) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is €140 while the lowest target price is €61. The mean of all analyst targets is €91.77 with a 8.55% above today’s (€84.54) stock price. Wacker Chemie was the topic of 30 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Landesbank maintained shares on November 18 with “Hold” rating. Warburg Research upgraded shares to “Buy” rating and €90 target share price in a report from an October 31. DZ-Bank AG downgraded WCH stock in a recent report from November 2 to “Sell” rating. Bankhaus Lampe upgraded the rating on October 27. Bankhaus Lampe has a “Buy” rating and a €100 price target on shares. Finally, Kepler Cheuvreux upgraded the stock to “Buy” rating in a report issued on an October 31.

The stock increased 1.53% or EUR 1.27 on November 26, striking EUR 84.54. Approximately 137,292 shares of stock traded hands or 20.19% up from the average. Wacker Chemie AG (ETR:WCH) has declined 13.53% since April 23, 2015 and is downtrending. It has underperformed by 12.17% the S&P500.

Breaking: Credit Suisse Group Keeps EUR 86.00 Price Objective On Wacker Chemie (ETR:WCH) Shares, Keeps Their Original Neutral Rating

Wacker Chemie AG is a Germany-based firm engaged in chemical industry. The company has a market cap of 4.34 billion EUR. The Firm operates through four business divisions: 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. It has 18.69 P/E ratio. The Firm 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.

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