Basf Se (BAS) Given Average Rating of “Hold” by Analysts
Shares of Basf Se (ETR:BAS) have been assigned a consensus recommendation of “Hold” from the twenty-five research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is €89.99 ($105.87).
Several research firms have recently weighed in on BAS. Macquarie set a €105.00 ($123.53) price objective on shares of Basf Se and gave the company a “buy” rating in a research note on Thursday, June 29th. Jefferies Group LLC set a €93.00 ($109.41) price objective on shares of Basf Se and gave the company a “neutral” rating in a research note on Monday, July 24th. Commerzbank Ag set a €90.10 ($106.00) price objective on shares of Basf Se and gave the company a “buy” rating in a research note on Thursday, April 27th. Deutsche Bank AG set a €101.00 ($118.82) price objective on shares of Basf Se and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Warburg Research set a €98.60 ($116.00) price objective on shares of Basf Se and gave the company a “buy” rating in a research note on Friday, July 28th.
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Basf Se (ETR BAS) opened at 81.555 on Tuesday. The firm has a market cap of €74.91 billion and a PE ratio of 15.687. The stock has a 50 day moving average of €81.48 and a 200 day moving average of €86.74. Basf Se has a 12-month low of €70.20 and a 12-month high of €94.15.
About Basf Se
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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