Wacker Chemie analyst stance stays cautious, JP Morgan reiterates Sell rating on shares

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 22:17.

Wacker Chemie (DE000WCH8881) remains under pressure from the analyst side. JP Morgan has reaffirmed its Sell rating on the Frankfurt-traded shares with a target price that stays below the latest Xetra close, according to a fresh Marketscreener summary.

What JP Morgan reiterates

According to the analyst overview published today, JP Morgan analyst Chetan Udeshi continues to advise selling Wacker Chemie shares and leaves the recommendation unchanged at Sell. The reported average analyst target price stands at 88.76 euros, compared with a last close quoted at 99.75 euros in the same snapshot.

The same data set shows Wacker Chemie shares recently changing hands around 97.65 euros, corresponding to a move of around -2.11 percent on the day in that update window. This keeps the stock trading above the consensus target but below some recent intra-year highs seen in the wider European chemicals space, where peers such as BASF and Covestro also face selective downgrades from major houses.

Consensus picture on the shares

Beyond JP Morgan, the analyst consensus for Wacker Chemie compiled by MarketScreener shows a mixed stance with a notable cluster of Hold ratings alongside a minority of Buy recommendations. The average target price around the high 80-euro range implies downside versus the current Xetra level near 100 euros, based on the latest snapshot.

The implied discount versus the trading price reflects concerns about earnings sensitivity to polysilicon and silicones pricing, as well as the capital intensity of expansion projects in Germany and the US, as frequently highlighted in sector commentary on European chemical producers. For orientation, larger peer BASF currently trades on a lower earnings multiple according to recent Reuters sector overviews, underscoring the valuation spread inside the chemicals universe.

How Wacker Chemie earns its money

Wacker Chemie generates revenue mainly from silicone specialties, polymers, polysilicon and biosolutions, serving industries from construction to automotive and solar. The group operates production sites in Germany, the US and Asia and supplies materials used in sealants, photovoltaic cells, pharmaceuticals and consumer goods.

Where the stock trades today

The Wacker Chemie shares (DE000WCH8881) traded on Xetra most recently around 97.65 euros with a previous close at 99.75 euros, according to the latest Marketscreener data snapshot on 2026-06-23.

This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any financial instrument.