Other equities research analysts have also recently issued reports about the company. Oddo Bhf raised Wacker Chemie from a neutral rating to an outperform rating in a research note on Thursday, March 31st. Barclays decreased their target price on Wacker Chemie from €195.00 ($214.29) to €177.00 ($194.51) in a research note on Thursday, February 10th. JPMorgan Chase & Co. cut their target price on Wacker Chemie from €164.00 ($180.22) to €160.00 ($175.82) in a research report on Thursday, March 17th. HSBC cut shares of Wacker Chemie from a buy rating to a hold rating in a research note on Wednesday, March 9th. Finally, Societe Generale upgraded shares of Wacker Chemie from a sell rating to a hold rating in a research report on Thursday, February 17th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Wacker Chemie has a consensus rating of Buy and a consensus target price of $178.20.
OTCMKTS WKCMF opened at $175.02 on Friday. The business has a fifty day moving average price of $155.62 and a 200 day moving average price of $164.22. Wacker Chemie has a one year low of $131.00 and a one year high of $196.60.
Wacker Chemie AG, together with its subsidiaries, provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. The Wacker Silicones division offers silanes, siloxanes, silicone fluids, silicone emulsions, silicone elastomers, silicone resins, and pyrogenic silicas for use in construction, electronics, automotive, health, and renewable energy industries.
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