Basf (BAS) Given a €118.00 Price Target at Macquarie

Basf (ETR:BAS) has been given a €118.00 ($145.68) price target by research analysts at Macquarie in a research note issued on Friday, January 19th. The firm currently has a “buy” rating on the basic materials company’s stock. Macquarie’s price objective would suggest a potential upside of 36.73% from the stock’s previous close.

BAS has been the subject of a number of other reports. Berenberg Bank set a €96.00 ($118.52) target price on Basf and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Morgan Stanley set a €88.00 ($108.64) target price on Basf and gave the company a “neutral” rating in a research report on Tuesday, December 26th. Nord/LB set a €99.00 ($122.22) target price on Basf and gave the company a “neutral” rating in a research report on Friday, January 19th. Sanford C. Bernstein set a €68.00 ($83.95) target price on Basf and gave the company a “sell” rating in a research report on Monday, October 2nd. Finally, Baader Bank set a €100.00 ($123.46) price target on Basf and gave the company a “buy” rating in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of €97.80 ($120.74).

Shares of Basf (ETR:BAS) traded up €0.68 ($0.84) during midday trading on Friday, reaching €86.30 ($106.54). The company’s stock had a trading volume of 3,113,274 shares, compared to its average volume of 2,810,000. The company has a market cap of $78,790.00 and a price-to-earnings ratio of 15.17. Basf has a 1-year low of €78.97 ($97.49) and a 1-year high of €98.70 ($121.85).

WARNING: “Basf (BAS) Given a €118.00 Price Target at Macquarie” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/14/macquarie-analysts-give-basf-bas-a-118-00-price-target.html.

Basf Company Profile

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.

Analyst Recommendations for Basf (ETR:BAS)

Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply