DZ BANK AG Believes Wacker Chemie AG (Other OTC: WKCMF) Still Has Room to Grow

In a report released today, Peter Spengler from DZ BANK AG upgraded Wacker Chemie AG (WKCMFResearch Report) to Buy. The company’s shares closed last Monday at $110.50, close to its 52-week high of $111.00.

Spengler has an average return of 23.7% when recommending Wacker Chemie AG.

According to TipRanks.com, Spengler is ranked #1771 out of 7016 analysts.

Currently, the analyst consensus on Wacker Chemie AG is a Moderate Buy with an average price target of $103.57, implying a -5.2% downside from current levels. In a report issued on September 30, Societe Generale also maintained a Buy rating on the stock with a EUR90.00 price target.

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The company has a one-year high of $111.00 and a one-year low of $34.00. Currently, Wacker Chemie AG has an average volume of 64.

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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.