Commerzbank set a €95.00 ($110.47) price target on Basf (ETR:BAS) in a research note released on Monday. The brokerage currently has a buy rating on the basic materials company’s stock.
A number of other equities research analysts have also issued reports on the company. Societe Generale set a €80.00 ($93.02) price target on Basf and gave the company a buy rating in a research report on Monday. Deutsche Bank set a €90.00 ($104.65) price target on Basf and gave the company a buy rating in a research report on Friday, November 30th. Macquarie set a €68.00 ($79.07) price target on Basf and gave the company a neutral rating in a research report on Thursday, November 29th. Barclays set a €92.00 ($106.98) price target on Basf and gave the company a buy rating in a research report on Wednesday, November 28th. Finally, Jefferies Financial Group set a €73.00 ($84.88) price target on Basf and gave the company a neutral rating in a research report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of €85.14 ($99.00).
BAS stock opened at €60.95 ($70.87) on Monday. Basf has a 1 year low of €78.97 ($91.83) and a 1 year high of €98.70 ($114.77).
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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