Deutsche Bank AG Reaffirms Buy Rating for Basf Se (BAS)
Basf Se (ETR:BAS)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank AG in a research note issued to investors on Thursday.
Other analysts have also issued reports about the company. UBS AG set a €99.00 ($116.47) price objective on Basf Se and gave the company a “buy” rating in a research note on Tuesday, June 6th. Sanford C. Bernstein set a €70.00 ($82.35) price objective on Basf Se and gave the company a “sell” rating in a research note on Thursday, June 29th. Macquarie set a €105.00 ($123.53) price objective on Basf Se and gave the company a “buy” rating in a research note on Friday, July 28th. Kepler Capital Markets set a €101.00 ($118.82) price objective on Basf Se and gave the company a “buy” rating in a research note on Thursday, June 29th. Finally, S&P Global set a €82.00 ($96.47) price objective on Basf Se and gave the company a “neutral” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of €90.45 ($106.41).
Basf Se (BAS) traded up 0.075% during mid-day trading on Thursday, hitting €81.432. The stock had a trading volume of 5,331 shares. Basf Se has a 52 week low of €70.20 and a 52 week high of €94.15. The company’s 50 day moving average is €81.53 and its 200-day moving average is €86.84. The stock has a market capitalization of €74.79 billion and a P/E ratio of 15.663.
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Basf Se 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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