In a report released today, Peter Spengler from DZ BANK AG maintained a Buy rating on Wacker Chemie AG (WKCMF). The company’s shares closed last Wednesday at $146.20, close to its 52-week high of $149.40.
Spengler has an average return of 25.9% when recommending Wacker Chemie AG.
According to TipRanks.com, Spengler is ranked #1212 out of 7234 analysts.
Currently, the analyst consensus on Wacker Chemie AG is a Moderate Buy with an average price target of $138.83, implying a -7.4% downside from current levels. In a report issued on January 12, Kepler Capital also upgraded the stock to Buy with a EUR129.00 price target.
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Wacker Chemie AG’s market cap is currently $7.26B and has a P/E ratio of -10.80. The company has a Price to Book ratio of 3.10.
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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.
