Trading Volume and Analysts

In the reporting period, the average daily trading volume on the Xetra, Chi-X and Turquoise trading platforms for WACKER stock was approximately 203,000 shares, which was slightly above the prior-year figure of around 197,000 shares.

Banks and Investment Firms Covering and Rating WACKER

As of the end of December 2016


Bankhaus Lampe KG

J.P. Morgan Cazenove Ltd.


Kepler Cheuvreux

Citi Investment Research

Landesbank Baden-Württemberg

Commerzbank Corporates & Markets


Credit Suisse Securities (Europe) Ltd.

Macquarie Capital (Europe) Ltd.

Deutsche Bank AG

Metzler Equity Research

DZ Bank AG

Morgan Stanley & Co. International Ltd.

Exane BNP Paribas

Norddeutsche Landesbank Girozentrale

fairesearch GmbH & Co. KG

SG Securities

Hauck & Aufhäuser Institutional Research AG

UBS Ltd.

HSBC Trinkaus & Burkhardt AG

Warburg Research GmbH

Independent Research GmbH


In 2016, many investment banks changed their analysts. As a result, there will be a new group of analysts covering WACKER in the future. Their number in 2016 was 23 (2015: 21). During the year, analysts’ consensus price target for WACKER stock rose. In Q1, the average price target for WACKER stock was €78.59 (14 estimates). At year-end 2016, though, analysts set their fair-value price target at €87.82 on average (17 estimates), which was 12 percent higher than at the start of the year.

On our website, we regularly report on the consensus of analysts’ expectations for the current year. Moreover, our website offers extensive information on WACKER stock. In addition to financial reports, a Fact Book, presentations and publications (viewable online or downloadable), our website lists all our key financial-calendar dates, with contact information if you have any questions. Videos of our annual press conference and other events are also available for online viewing, or as an audio stream. Investors can additionally subscribe to an email newsletter that provides immediate updates on new developments in the Group. As was the case last year, we are also offering an online version of our Annual Report for 2016.