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).
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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.
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