Wacker Chemie (ETR:WCH) Shareholders Are Liking The News That Norddeutsche Landesbank Has Reiterated Their Hold Rating on the Stock

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Wacker Chemie (ETR:WCH) Rating Reaffirmed

Wacker Chemie (ETR:WCH) has had their stock rating restated as a solid Hold by analysts at Norddeutsche Landesbank. This was announced in a note on 3 December.

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 €92.31 with a 10.01% above today’s (€83.91) stock price. Wacker Chemie was the topic of 31 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on November 27 with “Neutral” rating. Warburg Research upgraded shares to “Buy” rating and €90 target share price in a report from an October 31. Independent Research upgraded WCH stock in a recent report from November 4 to “Buy” rating. Kepler Cheuvreux upgraded the rating on October 31. Kepler Cheuvreux has a “Buy” rating and a €111 price target on shares. Finally, Societe Generale maintained the stock with “Hold” rating in a report issued on an October 31.

The stock decreased 0.37% or EUR 0.31 on December 2, striking EUR 83.91. Approximately 88,191 shares of stock traded hands. Wacker Chemie AG (ETR:WCH) has risen 6.00% since November 3, 2015 and is uptrending. It has outperformed by 6.20% the S&P500.

Wacker Chemie (ETR:WCH) Shareholders Are Liking The News That Norddeutsche Landesbank Has Reiterated Their Hold Rating on the Stock

Wacker Chemie AG is a Germany-based firm engaged in chemical industry. The company has a market cap of 4.38 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 18.55 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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