Basf (ETR:BAS) has been assigned a €72.00 ($83.72) price target by equities researchers at Independent Research in a report issued on Wednesday. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Independent Research’s price target indicates a potential upside of 8.42% from the company’s previous close.
Several other analysts also recently weighed in on BAS. Barclays set a €105.00 ($122.09) price objective on shares of Basf and gave the stock a “buy” rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. set a €94.00 ($109.30) price target on shares of Basf and gave the company a “neutral” rating in a research report on Friday, July 27th. Commerzbank set a €90.10 ($104.77) price target on shares of Basf and gave the company a “buy” rating in a research report on Friday, July 27th. Baader Bank set a €93.00 ($108.14) price target on shares of Basf and gave the company a “neutral” rating in a research report on Friday, July 27th. Finally, Kepler Capital Markets set a €120.00 ($139.53) price target on shares of Basf and gave the company a “buy” rating in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of €89.36 ($103.91).
Shares of ETR:BAS opened at €66.41 ($77.22) on Wednesday. Basf has a twelve month low of €78.97 ($91.83) and a twelve month high of €98.70 ($114.77).
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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