Basf Se Given Average Recommendation of “Hold” by Analysts (NASDAQ:BASFY)
Shares of Basf Se (NASDAQ:BASFY) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, StockRatingsNetwork reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company.
Basf Se (NASDAQ:BASFY) traded down 0.57% on Tuesday, hitting $112.85. 10,702 shares of the company’s stock traded hands. Basf Se has a 52 week low of $86.00 and a 52 week high of $115.29. The stock has a 50-day moving average of $111.6 and a 200-day moving average of $107.9. The company has a market cap of $103.7 billion and a P/E ratio of 15.60.
Separately, analysts at Kepler Capital Markets downgraded shares of Basf Se from a “buy” rating to a “hold” rating in a research note on Tuesday.
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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