Basf (ETR:BAS)‘s stock had its “buy” rating reissued by research analysts at DZ Bank in a research report issued on Monday.
A number of other equities analysts also recently commented on the stock. Macquarie set a €118.00 ($140.48) price objective on shares of Basf and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley set a €88.00 ($104.76) price objective on shares of Basf and gave the stock a “neutral” rating in a research note on Friday. Independent Research set a €104.00 ($123.81) price objective on shares of Basf and gave the stock a “neutral” rating in a research note on Friday. UBS Group set a €99.00 ($117.86) price objective on shares of Basf and gave the stock a “neutral” rating in a research note on Friday. Finally, Nord/LB set a €99.00 ($117.86) target price on shares of Basf and gave the company a “neutral” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of €98.18 ($116.88).
Basf (BAS) traded down €0.61 ($0.73) during trading on Monday, hitting €97.06 ($115.55). 1,240,000 shares of the stock were exchanged, compared to its average volume of 2,220,000. Basf has a one year low of €78.97 ($94.01) and a one year high of €98.70 ($117.50). The firm has a market cap of $89,150.00 and a P/E ratio of 17.06.
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BASF SE operates as a chemical company worldwide. It operates through five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment offers solvents, plasticizers, monomers, and glues, as well as raw materials for detergents, plastics, textile fibers, paints and coatings, crop protection products, and medicines.
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