Wacker Chemie (OTCMKTS:WKCMF) Lowered to Sell at Societe Generale

Societe Generale downgraded shares of Wacker Chemie (OTCMKTS:WKCMFGet Rating) from a hold rating to a sell rating in a research note issued to investors on Friday morning, The Fly reports.

A number of other equities analysts have also commented on the stock. Warburg Research raised shares of Wacker Chemie to a buy rating and set a $191.00 target price on the stock in a research report on Tuesday, April 5th. JPMorgan Chase & Co. dropped their target price on Wacker Chemie from €164.00 ($176.34) to €160.00 ($172.04) in a research report on Thursday, March 17th. HSBC cut Wacker Chemie from a buy rating to a hold rating in a research note on Wednesday, March 9th. Credit Suisse Group boosted their target price on shares of Wacker Chemie from €168.00 ($180.65) to €184.00 ($197.85) in a report on Friday, April 8th. Finally, Barclays raised their price target on shares of Wacker Chemie from €177.00 ($190.32) to €197.00 ($211.83) and gave the company an overweight rating in a report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of $182.20.

WKCMF stock opened at $158.45 on Friday. Wacker Chemie has a 12 month low of $131.00 and a 12 month high of $196.60. The firm’s 50-day moving average is $165.20 and its 200 day moving average is $164.34.

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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