In a report released today, Thorsten Strauss from Norddeutsche Landesbank maintained a Hold rating on Wacker Chemie AG (WKCMF – Research Report), with a price target of EUR133.00. The company’s shares closed last Wednesday at $151.40.
According to TipRanks.com, Strauss is ranked #6721 out of 7558 analysts.
Currently, the analyst consensus on Wacker Chemie AG is a Moderate Buy with an average price target of $172.35, implying a 13.8% upside from current levels. In a report issued on June 17, J.P. Morgan also maintained a Hold rating on the stock with a EUR132.00 price target.
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Wacker Chemie AG’s market cap is currently $7.56B and has a P/E ratio of 32.90. The company has a Price to Book ratio of 3.93.
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Wacker Chemie AG engages in the manufacture and distribution of chemical products. It operates through the following segments: Silicones, Polymers, Biosolutions, Polysilicons, and Other. The Silicones segment includes silicones and silicone rubber for consumer goods, chemicals, energy and electronics applications, and construction products. The Polymers segment produces dispersions and dispersible polymer powders. The Biosolutions segment fabricates fine chemicals, such as proteins, cyclodextirins, cysteine, and acetate solid resins. The Polysilicon segment consists of hyperpure polysilicon, chlorosilanes, and pyrogenic silicas for the semiconductor and electronics industries. The Others segments comprises of other activities. The company was founded on October 13, 1914 and is headquartered in Munich, Germany.
