Wacker Chemie AG (WKCMF – Research Report) received a Buy rating and a EUR93.00 price target from Kepler Capital analyst Martin Roediger today. The company’s shares closed last Wednesday at $94.70, close to its 52-week high of $97.20.
According to TipRanks.com, Roediger is a 2-star analyst with an average return of -0.1% and a 52.4% success rate. Roediger covers the Industrial Goods sector, focusing on stocks such as REC Silicon ASA, Clariant AG, and LANXESS.
Wacker Chemie AG has an analyst consensus of Moderate Buy, with a price target consensus of $92.87, a -1.9% downside from current levels. In a report issued on July 27, Credit Suisse also maintained a Buy rating on the stock with a EUR90.00 price target.
The company has a one-year high of $97.20 and a one-year low of $34.00. Currently, Wacker Chemie AG has an average volume of 44.
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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.