Wacker Chemie AG (OTCMKTS:WKCMF) Given Average Recommendation of “Buy” by Analysts

Wacker Chemie AG (OTCMKTS:WKCMFGet Rating) has been given an average rating of “Buy” by the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $182.33.

WKCMF has been the topic of a number of research reports. Societe Generale downgraded Wacker Chemie from a “hold” rating to a “sell” rating in a report on Friday, April 29th. Oddo Bhf upgraded Wacker Chemie from a “neutral” rating to an “outperform” rating in a report on Thursday, March 31st. JPMorgan Chase & Co. dropped their target price on Wacker Chemie from €164.00 ($174.47) to €160.00 ($170.21) in a report on Thursday, March 17th. UBS Group upped their target price on Wacker Chemie from €190.00 ($202.13) to €205.00 ($218.09) in a report on Monday, May 23rd. Finally, Warburg Research upgraded Wacker Chemie to a “buy” rating and set a $191.00 price objective on the stock in a report on Tuesday, April 5th.

Shares of WKCMF opened at $180.75 on Friday. Wacker Chemie has a fifty-two week low of $131.00 and a fifty-two week high of $196.60. The business’s 50-day moving average is $173.69 and its 200-day moving average is $163.20.

Wacker Chemie Company Profile (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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