Baader Bank Believes Wacker Chemie AG (Other OTC: WKCMF) Still Has Room to Grow

Baader Bank analyst Markus Mayer maintained a Buy rating on Wacker Chemie AG (WKCMFResearch Report) today and set a price target of EUR148.00. The company’s shares closed last Friday at $170.42, close to its 52-week high of $175.60.

Mayer has an average return of 42.0% when recommending Wacker Chemie AG.

According to TipRanks.com, Mayer is ranked #694 out of 7547 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wacker Chemie AG with a $167.25 average price target, implying a 0.3% upside from current levels. In a report issued on May 26, DZ BANK AG also maintained a Buy rating on the stock.

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The company has a one-year high of $175.60 and a one-year low of $66.45. Currently, Wacker Chemie AG has an average volume of 488.

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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.