JPMorgan Chase & Co. Analysts Give Basf (BAS) a €95.00 Price Target
JPMorgan Chase & Co. set a €95.00 ($113.10) target price on Basf (ETR:BAS) in a research note released on Monday morning. The brokerage currently has a neutral rating on the basic materials company’s stock.
Several other research analysts have also recently weighed in on the stock. Deutsche Bank set a €109.00 ($129.76) price target on shares of Basf and gave the stock a buy rating in a report on Thursday, January 4th. Morgan Stanley set a €88.00 ($104.76) price target on shares of Basf and gave the stock a neutral rating in a report on Tuesday, December 26th. DZ Bank reaffirmed a buy rating on shares of Basf in a report on Monday, December 11th. Societe Generale set a €92.00 ($109.52) price target on shares of Basf and gave the stock a buy rating in a report on Monday, December 11th. Finally, Warburg Research set a €111.00 ($132.14) price target on shares of Basf and gave the stock a buy rating in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of €96.50 ($114.89).
Basf (ETR BAS) opened at €93.28 ($111.05) on Monday. The firm has a market cap of $85,680.00 and a price-to-earnings ratio of 16.39. Basf has a 1-year low of €78.97 ($94.01) and a 1-year high of €97.90 ($116.55).
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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