Citigroup recorded Westlake Chemical (NYSE:WLK), bumping up its stock price target to $72.00 today
- Updated: February 12, 2017
Just yesterday Westlake Chemical (NYSE:WLK) traded 0.55% higher at $61.99. The company’s 50-day moving average is $60.61 and its 200-day moving average is $54.21. With the last stock price close up 17.30% relative to the two hundred day average, compared with the S&P 500 which has increased 0.06% over the same time. 753,784 shares of the stock were exchanged, down from an average trading volume of 854,805
In a report released on 2/09/2017 Citigroup increased the stock price target of Westlake Chemical (NYSE:WLK) to $72.00 reporting a possible upside of 0.16%.
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Westlake Chemical has a PE ratio of 20.35 with a one year low of $39.48 and a one year high of $65.02 Westlake Chemical’s market capitalization is presently $0.
A total of 9 analysts have released a report on Westlake Chemical. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $54.22.
General Company Details For Westlake Chemical (NYSE:WLK)
Westlake Chemical Corporation is a vertically integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. The Company's products include a range of chemicals, which are fundamental to various diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction, as well as other durable and non-durable goods. The Company operates in two segments: Olefins and Vinyls. The Olefins segment manufactures a range of petrochemical products. The Vinyls segment primarily offers PVC, vinyl chloride monomer (VCM), ethylene dichloride (EDC), chlorine, caustic soda and, through Westlake Chemical OpCo LP, ethylene. The Company is also an integrated producer of vinyls with substantial downstream integration into polyvinyl chloride (PVC) building products. The Company owns approximately 10 building product facilities.
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