Kepler Capital analyst Christian Faitz upgraded Wacker Chemie AG (WKCMF – Research Report) to Buy on September 14 and set a price target of EUR93.00. The company’s shares closed last Friday at $96.35, close to its 52-week high of $101.10.
According to TipRanks.com, Faitz is a 1-star analyst with an average return of -2.8% and a 40.6% success rate. Faitz covers the Basic Materials sector, focusing on stocks such as Clariant AG, LANXESS, and Solvay.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wacker Chemie AG with a $97.23 average price target.
The company has a one-year high of $101.10 and a one-year low of $34.00. Currently, Wacker Chemie AG has an average volume of 57.
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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.