Basf (BAS) Given a €64.00 Price Target at Jefferies Financial Group

Basf (ETR:BAS) received a €64.00 ($74.42) price target from equities research analysts at Jefferies Financial Group in a note issued to investors on Friday. The firm currently has a “neutral” rating on the basic materials company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 5.45% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Commerzbank set a €95.00 ($110.47) price objective on Basf and gave the company a “buy” rating in a research note on Friday, October 26th. Kepler Capital Markets set a €120.00 ($139.53) price objective on Basf and gave the company a “buy” rating in a research note on Friday, October 26th. Nord/LB set a €94.00 ($109.30) price objective on Basf and gave the company a “buy” rating in a research note on Friday, September 28th. Morgan Stanley set a €78.00 ($90.70) price objective on Basf and gave the company a “neutral” rating in a research note on Friday, October 12th. Finally, Cfra set a €73.00 ($84.88) price objective on Basf and gave the company a “neutral” rating in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of €84.73 ($98.52).

Basf stock traded down €0.26 ($0.30) during midday trading on Friday, reaching €60.69 ($70.57). 2,585,007 shares of the stock traded hands, compared to its average volume of 2,920,000. Basf has a 12-month low of €78.97 ($91.83) and a 12-month high of €98.70 ($114.77).

About Basf

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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Analyst Recommendations for Basf (ETR:BAS)

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