Wacker Chemie AG (OTCMKTS:WKCMF – Get Rating) has earned an average recommendation of “Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $182.20.
Several equities analysts have weighed in on the company. Barclays raised their price target on Wacker Chemie from €177.00 ($192.39) to €197.00 ($214.13) and gave the company an “overweight” rating in a report on Tuesday. Oddo Bhf raised shares of Wacker Chemie from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 31st. Credit Suisse Group raised their price target on Wacker Chemie from €168.00 ($182.61) to €184.00 ($200.00) in a report on Friday, April 8th. Warburg Research upgraded shares of Wacker Chemie to a “buy” rating and set a $191.00 price target on the stock in a report on Tuesday, April 5th. Finally, Societe Generale upgraded shares of Wacker Chemie from a “sell” rating to a “hold” rating in a report on Thursday, February 17th.
WKCMF stock remained flat at $$175.02 during midday trading on Friday. The company has a fifty day moving average of $156.63 and a two-hundred day moving average of $164.24. Wacker Chemie has a twelve month low of $131.00 and a twelve month 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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