Warburg Research analyst Oliver Schwarz downgraded Wacker Chemie AG (WKCMF – Research Report) to Hold today and set a price target of EUR166.00. The company’s shares closed last Friday at $189.00, equals to its 52-week high of $189.00.
Schwarz has an average return of 22.2% when recommending Wacker Chemie AG.
According to TipRanks.com, Schwarz is ranked #2363 out of 7641 analysts.
Wacker Chemie AG has an analyst consensus of Moderate Buy, with a price target consensus of $182.49, representing a -0.5% downside. In a report issued on September 6, Morgan Stanley also maintained a Hold rating on the stock with a EUR127.00 price target.
Wacker Chemie AG’s market cap is currently $9.39B and has a P/E ratio of 19.60. The company has a Price to Book ratio of 3.46.
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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.