Basf (BAS) Given a €87.00 Price Target by UBS Group Analysts
UBS Group set a €87.00 ($98.86) target price on Basf (ETR:BAS) in a research note published on Monday morning, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
Several other brokerages have also weighed in on BAS. DZ Bank reaffirmed a buy rating on shares of Basf in a research report on Tuesday, May 22nd. Barclays set a €105.00 ($119.32) price objective on shares of Basf and gave the company a buy rating in a research report on Thursday, May 24th. Deutsche Bank set a €105.00 ($119.32) price objective on shares of Basf and gave the company a buy rating in a research report on Friday, June 15th. Societe Generale set a €100.00 ($113.64) price objective on shares of Basf and gave the company a buy rating in a research report on Friday, May 25th. Finally, Berenberg Bank set a €106.00 ($120.45) price objective on shares of Basf and gave the company a buy rating in a research report on Friday, May 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of €97.36 ($110.64).
Shares of BAS opened at €78.91 ($89.67) on Monday. Basf has a twelve month low of €78.97 ($89.74) and a twelve month high of €98.70 ($112.16).
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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