Wacker Chemie AG (WKCMF) Receives a Buy from Warburg Research

Warburg Research analyst Oliver Schwarz maintained a Buy rating on Wacker Chemie AG (WKCMFResearch Report) today and set a price target of EUR151.00. The company’s shares closed last Tuesday at $159.00, close to its 52-week high of $159.28.

Schwarz has an average return of 8.7% when recommending Wacker Chemie AG.

According to TipRanks.com, Schwarz is ranked #2528 out of 7491 analysts.

Currently, the analyst consensus on Wacker Chemie AG is a Moderate Buy with an average price target of $154.04, implying a 3.5% upside from current levels. In a report issued on April 20, Baader Bank also maintained a Buy rating on the stock with a EUR148.00 price target.

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Wacker Chemie AG’s market cap is currently $7.9B and has a P/E ratio of 34.40. The company has a Price to Book ratio of 3.87.

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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.