Basf (BAS) Given Buy Rating at DZ Bank

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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About Basf

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.

Analyst Recommendations for Basf (ETR:BAS)

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