Berenberg Bank analyst Sebastian Bray maintained a Hold rating on Wacker Chemie AG (WKCMF) yesterday and set a price target of EUR80.00. The company’s shares closed last Wednesday at $96.55.
Bray has an average return of 3.8% when recommending Wacker Chemie AG.
According to TipRanks.com, Bray is ranked #6447 out of 6994 analysts.
Currently, the analyst consensus on Wacker Chemie AG is a Moderate Buy with an average price target of $103.75, representing a 3.9% upside. In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a EUR77.00 price target.
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The company has a one-year high of $111.20 and a one-year low of $34.00. Currently, Wacker Chemie AG has an average volume of 53.
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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.
