Basf (BAS) Given Buy Rating at DZ Bank
Basf (ETR:BAS)‘s stock had its “buy” rating reaffirmed by analysts at DZ Bank in a note issued to investors on Monday.
Several other brokerages have also recently commented on BAS. Berenberg Bank set a €96.00 ($114.29) target price on shares of Basf and gave the stock a “neutral” rating in a report on Wednesday, October 4th. Goldman Sachs Group set a €87.00 ($103.57) target price on shares of Basf and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Nord/LB set a €92.00 ($109.52) target price on shares of Basf and gave the stock a “neutral” rating in a report on Friday, December 8th. Morgan Stanley set a €82.00 ($97.62) price objective on shares of Basf and gave the company a “neutral” rating in a research note on Friday, December 8th. Finally, UBS Group set a €99.00 ($117.86) price objective on shares of Basf and gave the company a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. Basf presently has a consensus rating of “Hold” and an average price target of €98.18 ($116.88).
Shares of Basf (BAS) traded down €0.61 ($0.73) on Monday, hitting €97.06 ($115.55). 1,240,000 shares of the stock traded hands, compared to its average volume of 2,220,000. Basf has a 12 month low of €78.97 ($94.01) and a 12 month high of €98.70 ($117.50). The company has a market capitalization of $89,150.00 and a PE ratio of 17.06.
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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