Basf (BAS) Given a €87.00 Price Target by UBS Group Analysts
Basf (ETR:BAS) received a €87.00 ($101.16) target price from investment analysts at UBS Group in a report released on Friday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price objective indicates a potential upside of 13.65% from the company’s previous close.
BAS has been the topic of several other reports. Cfra set a €89.00 ($103.49) price objective on Basf and gave the stock a “neutral” rating in a report on Monday, July 30th. Kepler Capital Markets set a €120.00 ($139.53) price objective on Basf and gave the stock a “buy” rating in a report on Friday, June 8th. Commerzbank set a €90.10 ($104.77) price objective on Basf and gave the stock a “buy” rating in a report on Friday, July 27th. Morgan Stanley set a €91.00 ($105.81) price objective on Basf and gave the stock a “neutral” rating in a report on Monday, July 2nd. Finally, Barclays set a €101.00 ($117.44) price objective on Basf and gave the stock a “buy” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. Basf has a consensus rating of “Buy” and a consensus target price of €96.44 ($112.14).
BAS stock opened at €76.55 ($89.01) on Friday. Basf has a 12-month low of €78.97 ($91.83) and a 12-month high of €98.70 ($114.77).
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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