Wacker Chemie (ETR:WCH) Given a €63.00 Price Target at JPMorgan Chase & Co.

Wacker Chemie (ETR:WCH) has been given a €63.00 ($73.26) target price by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 4.24% from the company’s previous close.

WCH has been the subject of several other research reports. Berenberg Bank set a €70.00 ($81.40) price target on Wacker Chemie and gave the company a “neutral” rating in a report on Monday, October 28th. Kepler Capital Markets set a €56.00 ($65.12) price objective on shares of Wacker Chemie and gave the company a “sell” rating in a report on Friday, November 15th. Bankhaus Lampe set a €88.00 ($102.33) price objective on shares of Wacker Chemie and gave the company a “buy” rating in a research report on Thursday, August 8th. UBS Group set a €98.00 ($113.95) target price on shares of Wacker Chemie and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Credit Suisse Group set a €61.00 ($70.93) target price on shares of Wacker Chemie and gave the stock a “neutral” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of €75.47 ($87.76).

WCH stock opened at €60.44 ($70.28) on Friday. Wacker Chemie has a 1-year low of €57.86 ($67.28) and a 1-year high of €97.92 ($113.86). The business’s 50 day simple moving average is €66.81 and its 200 day simple moving average is €67.69. The company has a current ratio of 2.68, a quick ratio of 1.57 and a debt-to-equity ratio of 48.87. The firm has a market capitalization of $3.09 billion and a PE ratio of 22.20.

Wacker Chemie Company Profile

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.

Further Reading: Price-Sales Ratio

Analyst Recommendations for Wacker Chemie (ETR:WCH)

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