Basf Se (NASDAQ:BASFY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. “

Separately, Berenberg Bank raised shares of Basf Se from a “sell” rating to a “hold” rating in a report on Monday, July 31st.

Shares of Basf Se (BASFY) traded up 0.27% during trading on Thursday, hitting $102.69. 30,634 shares of the stock were exchanged. The stock has a market cap of $94.32 billion and a P/E ratio of 16.51. Basf Se has a 12-month low of $78.36 and a 12-month high of $103.08.

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About Basf Se

BASF SE is a chemical company. The Company operates through five segments, which include Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. The Performance Products segment consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health, and Performance Chemicals divisions.

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