Credit Suisse Group Reiterates €105.00 Price Target for Basf (BAS)
Credit Suisse Group set a €105.00 ($122.09) target price on Basf (ETR:BAS) in a research note issued to investors on Friday morning. The brokerage currently has a buy rating on the basic materials company’s stock.
A number of other equities research analysts have also recently commented on BAS. DZ Bank reissued a buy rating on shares of Basf in a research note on Tuesday, May 22nd. Barclays set a €105.00 ($122.09) target price on Basf and gave the stock a buy rating in a research note on Thursday, May 24th. Berenberg Bank set a €106.00 ($123.26) target price on Basf and gave the stock a buy rating in a research note on Friday, May 25th. Societe Generale set a €100.00 ($116.28) target price on Basf and gave the stock a buy rating in a research note on Friday, May 25th. Finally, Baader Bank set a €93.00 ($108.14) target price on Basf and gave the stock a neutral rating in a research note on Tuesday, May 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of €97.24 ($113.07).
ETR BAS opened at €76.94 ($89.47) 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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