BASF SE Rating Increased to Buy at UBS AG (BASFY)
BASF SE (NASDAQ:BASFY) was upgraded by UBS AG from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
BASF SE (NASDAQ:BASFY) traded up 1.21% on Tuesday, hitting $106.81. The stock had a trading volume of 53,463 shares. BASF SE has a 52 week low of $85.24 and a 52 week high of $107.85. The stock has a 50-day moving average of $104. and a 200-day moving average of $96.76. The company has a market cap of $98.103 billion and a price-to-earnings ratio of 15.99.
BASF SE is a Germany-based chemical company. It diversifies its activities into six business segments: Chemicals, providing basic products and specialties including nitric acid and methanol, basic chemicals including ethylene and butadiene and intermediates, among others; Plastics, providing engineering plastics, polyamides and polyurethane solutions, among others; Performance Products, providing products for the coatings and paints industry, cosmetics, detergents and cleaners industry, vitamins and enzymes, products for the paper industry and performance chemicals, among others; Functional Solutions, which develops coating products, catalysts and concrete admixtures, among others; Agricultural Solutions, providing active ingredients and formulations for the improvement of crop health and yields, and Oil & Gas business segment, which is bundled in the Wintershall Group, is engaged in the exploration and production of crude oil and natural gas and trading.
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