Wacker Chemie (WCH) Received a €78.00 Target Price at JPMorgan Chase & Co.

Wacker Chemie (WCH) Received a €78.00 Target Price at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €78.00 ($90.70) target price on Wacker Chemie (ETR:WCH) in a research report sent to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

WCH has been the topic of a number of other research reports. UBS Group set a €110.00 ($127.91) target price on Wacker Chemie and gave the company a buy rating in a research note on Tuesday, April 23rd. HSBC set a €85.00 ($98.84) target price on Wacker Chemie and gave the company a neutral rating in a research note on Monday, March 25th. Credit Suisse Group set a €83.00 ($96.51) target price on Wacker Chemie and gave the company a neutral rating in a research note on Monday, March 11th. Hauck & Aufhaeuser set a €115.00 ($133.72) target price on Wacker Chemie and gave the company a buy rating in a research note on Tuesday, March 5th. Finally, Nord/LB set a €92.00 ($106.98) target price on Wacker Chemie and gave the company a neutral rating in a research note on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of €97.63 ($113.52).

WCH stock traded up €1.88 ($2.19) on Thursday, reaching €79.96 ($92.98). The company had a trading volume of 168,715 shares, compared to its average volume of 218,420. Wacker Chemie has a 1 year low of €70.08 ($81.49) and a 1 year high of €157.05 ($182.62). The company has a debt-to-equity ratio of 43.38, a quick ratio of 1.55 and a current ratio of 2.76. The firm has a market cap of $3.97 billion and a P/E ratio of 24.40.

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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