In a report released today, Andrew Stott from UBS maintained a Buy rating on Wacker Chemie AG (WKCMF – Research Report), with a price target of EUR100.00. The company’s shares closed last Wednesday at $111.20, equals to its 52-week high of $111.20.
Stott has an average return of 31.3% when recommending Wacker Chemie AG.
According to TipRanks.com, Stott is ranked #1000 out of 7017 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wacker Chemie AG with a $105.25 average price target, implying a -4.5% downside from current levels. In a report issued on October 14, DZ BANK AG also upgraded the stock to Buy with a EUR106.00 price target.
The company has a one-year high of $111.20 and a one-year low of $34.00. 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.