Analysts Set Wacker Chemie AG (ETR:WCH) Price Target at €176.40

Wacker Chemie AG (ETR:WCHGet Rating) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is €176.40 ($185.68).

WCH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. set a €160.00 ($168.42) price target on Wacker Chemie in a report on Wednesday, June 15th. Credit Suisse Group set a €184.00 ($193.68) price target on shares of Wacker Chemie in a report on Friday, April 8th. UBS Group set a €205.00 ($215.79) price objective on shares of Wacker Chemie in a report on Monday. Berenberg Bank set a €155.00 ($163.16) target price on shares of Wacker Chemie in a research note on Friday, April 29th. Finally, Baader Bank set a €188.00 ($197.89) price target on shares of Wacker Chemie in a research note on Wednesday, May 18th.

Wacker Chemie stock opened at €151.35 ($159.32) on Friday. Wacker Chemie has a 52 week low of €116.65 ($122.79) and a 52 week high of €187.10 ($196.95). The company’s 50 day moving average price is €166.18 and its two-hundred day moving average price is €148.36. The stock has a market cap of $7.52 billion and a P/E ratio of 7.30. The company has a quick ratio of 1.54, a current ratio of 2.25 and a debt-to-equity ratio of 46.34.

About Wacker Chemie (Get Rating)

Wacker Chemie AG, together with its subsidiaries, provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. The Wacker Silicones division offers silanes, siloxanes, silicone fluids, silicone emulsions, silicone elastomers, silicone resins, and pyrogenic silicas for use in construction, electronics, automotive, health, and renewable energy industries.

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