In a report issued on November 24, Chris Counihan from Credit Suisse maintained a Hold rating on Wacker Chemie AG (WKCMF), with a price target of EUR93.00. The company’s shares closed last Wednesday at $120.75.
According to TipRanks.com, Counihan is ranked #3795 out of 7118 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wacker Chemie AG with a $113.68 average price target, representing a -5.9% downside. In a report issued on November 19, Berenberg Bank also maintained a Hold rating on the stock with a EUR90.00 price target.
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Wacker Chemie AG’s market cap is currently $5.27B and has a P/E ratio of -8.60. The company has a Price to Book ratio of 2.67.
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Wacker Chemie AG engages in the manufacture and distribution of chemical products. It operates through the following segments: Silicones, Polymers, Biosolutions, Polysilicons, and Other. The Silicones segment includes silicones and silicone rubber for consumer goods, chemicals, energy and electronics applications, and construction products. The Polymers segment produces dispersions and dispersible polymer powders. The Biosolutions segment fabricates fine chemicals, such as proteins, cyclodextirins, cysteine, and acetate solid resins. The Polysilicon segment consists of hyperpure polysilicon, chlorosilanes, and pyrogenic silicas for the semiconductor and electronics industries. The Others segments comprises of other activities. The company was founded on October 13, 1914 and is headquartered in Munich, Germany.
