Wacker Chemie AG (WKCMF) Gets a Hold Rating from Berenberg Bank

Berenberg Bank analyst Sebastian Bray maintained a Hold rating on Wacker Chemie AG (WKCMFResearch Report) on April 30 and set a price target of EUR130.00. The company’s shares closed last Tuesday at $159.00, close to its 52-week high of $159.28.

Bray has an average return of 3.8% when recommending Wacker Chemie AG.

According to TipRanks.com, Bray is ranked #4613 out of 7491 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wacker Chemie AG with a $154.04 average price target, a 3.5% upside from current levels. In a report issued on April 23, Kepler Capital also upgraded the stock to Hold with a EUR125.00 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 58.

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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.