Berenberg Bank Set “€93.00” Target Price for Wacker Chemie (WCH)

Berenberg Bank Set “€93.00” Target Price for Wacker Chemie (WCH)

Berenberg Bank set a €93.00 ($108.14) price target on Wacker Chemie (ETR:WCH) in a research note released on Tuesday morning. The firm currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on WCH. UBS Group set a €170.00 ($197.67) price target on shares of Wacker Chemie and gave the company a buy rating in a research report on Wednesday, October 10th. Baader Bank set a €175.00 ($203.49) price objective on shares of Wacker Chemie and gave the company a buy rating in a research report on Wednesday, August 22nd. JPMorgan Chase & Co. set a €132.00 ($153.49) price objective on shares of Wacker Chemie and gave the company a neutral rating in a research report on Tuesday, September 4th. BNP Paribas set a €130.00 ($151.16) price objective on shares of Wacker Chemie and gave the company a neutral rating in a research report on Tuesday, October 2nd. Finally, Kepler Capital Markets set a €138.00 ($160.47) price objective on shares of Wacker Chemie and gave the company a neutral rating in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of €119.71 ($139.19).

Shares of ETR:WCH opened at €76.14 ($88.53) on Tuesday. Wacker Chemie has a 1 year low of €90.59 ($105.34) and a 1 year high of €175.75 ($204.36).

About Wacker Chemie

Wacker Chemie AG provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. The Wacker Silicones division offers silanes, silicones, silicone fluids, emulsions, elastomers, sealants and resins, and pyrogenic silicas for use in construction, paint and coating, chemical, cosmetic, textile and leather, paper and film coating, fabric coating, electrical and electronic engineering, insulation technology, mechanical engineering and metal processing, medical technology, automotive, communications technology, office equipment, household appliance, plastics and rubber processing, and mold making applications.

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