Wacker Chemie AG (WKCMF) Receives a Hold from Berenberg Bank

Berenberg Bank analyst Sebastian Bray maintained a Hold rating on Wacker Chemie AG (WKCMFResearch Report) today and set a price target of EUR74.00. The company’s shares closed last Friday at $96.35, close to its 52-week high of $101.10.

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

According to TipRanks.com, Bray is ranked #6209 out of 6936 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wacker Chemie AG with a $98.16 average price target, representing a 1.8% upside. In a report issued on September 9, J.P. Morgan also maintained a Hold rating on the stock with a EUR77.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $101.10 and a one-year low of $34.00. Currently, Wacker Chemie AG has an average volume of 53.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.