DZ BANK AG Believes Wacker Chemie AG (Other OTC: WKCMF) Won’t Stop Here

DZ BANK AG analyst Peter Spengler maintained a Buy rating on Wacker Chemie AG (WKCMFResearch Report) today. The company’s shares closed last Tuesday at $159.00, close to its 52-week high of $159.28.

Spengler has an average return of 18.1% when recommending Wacker Chemie AG.

According to TipRanks.com, Spengler is ranked #1298 out of 7490 analysts.

Currently, the analyst consensus on Wacker Chemie AG is a Moderate Buy with an average price target of $153.53, a 1.7% upside from current levels. In a report issued on April 20, Baader Bank also maintained a Buy rating on the stock with a EUR148.00 price target.

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The company has a one-year high of $159.28 and a one-year low of $56.10. Currently, Wacker Chemie AG has an average volume of 61.

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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.