Wacker Chemie AG (OTCMKTS:WKCMF) Receives Average Rating of “Buy” from Analysts

Wacker Chemie AG (OTCMKTS:WKCMFGet Rating) has been given a consensus recommendation of “Buy” by the thirteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $182.20.

A number of research firms have recently weighed in on WKCMF. Oddo Bhf raised shares of Wacker Chemie from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 31st. Credit Suisse Group upped their price target on shares of Wacker Chemie from €168.00 ($176.84) to €184.00 ($193.68) in a research report on Friday, April 8th. HSBC lowered shares of Wacker Chemie from a “buy” rating to a “hold” rating in a research report on Wednesday, March 9th. Barclays upped their price target on shares of Wacker Chemie from €177.00 ($186.32) to €197.00 ($207.37) and gave the stock an “overweight” rating in a research report on Tuesday, April 12th. Finally, Societe Generale lowered shares of Wacker Chemie from a “hold” rating to a “sell” rating in a research report on Friday.

OTCMKTS:WKCMF opened at $158.45 on Tuesday. The firm has a 50 day simple moving average of $165.53 and a 200-day simple moving average of $163.87. Wacker Chemie has a 1-year low of $131.00 and a 1-year high of $196.60.

About Wacker Chemie (Get Rating)

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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Analyst Recommendations for Wacker Chemie (OTCMKTS:WKCMF)

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