In a report released today, Chris Counihan from Jefferies maintained a Buy rating on Wacker Chemie AG (WKCMF – Research Report), with a price target of €126.00. The company’s shares closed last Tuesday at $111.35.
According to TipRanks, Counihan is an analyst with an average return of -4.1% and a 45.56% success rate. Counihan covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, LANXESS, and Clariant AG.
Currently, the analyst consensus on Wacker Chemie AG is a Moderate Buy with an average price target of $132.86, a 19.32% upside from current levels. In a report released today, Warburg Research also maintained a Buy rating on the stock with a €150.00 price target.
WKCMF market cap is currently $5.78B and has a P/E ratio of 16.32.
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Wacker Chemie AG (WKCMF) Company Description:
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.
