WACKER CHEMIE (ETR:WCH) Rating Reconfirmed
Out of 21 analysts covering WACKER CHEMIE, 11 rate it a Buy, 10 indicate a Hold while 2 suggest a Sell. The highest target is EUR 131.46 and the lowest is EUR 70.7 according to Thomson/First Call. The 12-month mean target is EUR 98.23, which means upside potential of 17.91% over the current price.
ETR:WCH Price Chart & Trend
The stock price of WACKER CHEMIE has risen 9.81% over the last 200 days, and is in unstable up trend. In the last 50 and 100 days, WACKER CHEMIE is up 0.39% and up 11.71%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
WACKER CHEMIE (ETR:WCH) Profile
Wacker Chemie AG is a Germany-based company engaged in chemical industry. The Company operates through four business segments: WACKER SILICONES, which produces silicone products, ranging from silanes through silicone fluids, emulsions, elastomers, sealants and resins to pyrogenic silicas; WACKER POLYMERS, which offers a range of polymeric binders and additives; WACKER POLYSILICON, which provides polysilicon, and WACKER BIOSOLUTIONS, which is the life science division of the Company, offers solutions and products for the food, pharmaceutical and agrochemical industries. The Company offers its products for a range of sectors, including consumer goods, food, pharmaceuticals, textiles and the solar, electrical/electronics, basic-chemical industries, medical technology, biotech and mechanical engineering, automotive and construction.
WACKER CHEMIE (ETR:WCH) traded down -0.36% on 29 July, hitting EUR 83.31. A total of 170,783 shares of the company’s stock traded hands. This is up from average of 106,675 shares. WACKER CHEMIE has a 52 week low of EUR 58.20 and a 52 week high of EUR 94. The company has a market cap of 4.34B EUR and a P/E ratio of 21.06.
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The post JP Morgan Chase & Co. Reaffirms a Neutral Rating on WACKER CHEMIE (ETR:WCH) and EUR 74.00 Target appeared first on Octafinance.