Bank of America set a €99.00 ($117.86) price target on Basf (ETR:BAS) in a research report report published on Thursday. The brokerage currently has a neutral rating on the basic materials company’s stock.
BAS has been the subject of several other reports. Berenberg Bank set a €96.00 ($114.29) target price on shares of Basf and gave the stock a neutral rating in a research report on Wednesday, October 25th. Macquarie set a €105.00 ($125.00) target price on shares of Basf and gave the stock a buy rating in a research report on Monday, October 9th. Morgan Stanley set a €88.00 ($104.76) target price on shares of Basf and gave the stock a neutral rating in a research report on Tuesday, December 26th. Baader Bank set a €100.00 ($119.05) target price on shares of Basf and gave the stock a buy rating in a research report on Thursday, September 28th. Finally, Sanford C. Bernstein set a €68.00 ($80.95) target price on shares of Basf and gave the stock a sell rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of €96.57 ($114.96).
Basf (ETR:BAS) traded up €0.89 ($1.06) during trading hours on Thursday, hitting €94.87 ($112.94). 2,057,586 shares of the stock traded hands, compared to its average volume of 2,010,000. The company has a market capitalization of $87,140.00 and a P/E ratio of 16.67. Basf has a one year low of €78.97 ($94.01) and a one year high of €97.90 ($116.55).
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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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