In a report released today, Markus Mayer from Baader Bank maintained a Buy rating on Wacker Chemie AG (WKCMF – Research Report), with a price target of EUR92.00. The company’s shares closed last Wednesday at $111.20, equals to its 52-week high of $111.20.
Mayer has an average return of 16.4% when recommending Wacker Chemie AG.
According to TipRanks.com, Mayer is ranked #3824 out of 7018 analysts.
Currently, the analyst consensus on Wacker Chemie AG is a Moderate Buy with an average price target of $105.55, implying a -5.1% downside from current levels. In a report released yesterday, 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 65.
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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.