Wacker Chemie (ETR:WCH) Stock Upgrade
Shares of Wacker Chemie (ETR:WCH) stock were increased to a “Buy” by investment advisers at Bankhaus Lampe KG, who now have a target price per share set at EUR 100.00 on WCH. This target is 26.74% from WCH’s current share 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 €92.31 with a 16.69% above today’s (€79.11) stock price. Wacker Chemie was the topic of 32 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Landesbank maintained shares on December 3 with “Hold” rating. Landesbank maintained shares with “Hold” rating and €84 target share price in a report from a November 18. Independent Research upgraded WCH stock in a recent report from November 4 to “Buy” rating. Warburg Research upgraded the rating on October 31. Warburg Research has a “Buy” rating and a €90 price target on shares. Finally, Societe Generale maintained the stock with “Hold” rating in a report issued on an October 31.
The stock increased 4.99% or EUR 3.76 on December 17, striking EUR 79.11. Approximately 239,572 shares of stock traded hands or 114.26% up from the average. Wacker Chemie AG (ETR:WCH) has declined 18.08% since May 21, 2015 and is downtrending. It has underperformed by 15.82% the S&P500.
Wacker Chemie AG is a Germany-based firm engaged in chemical industry. The company has a market cap of 4.04 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 17.49 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.