Basf Se (BASFY) Stock Rating Lowered by Zacks Investment Research
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.
TRADEMARK VIOLATION WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/09/14/basf-se-basfy-stock-rating-lowered-by-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Basf Se Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf Se and related companies with MarketBeat.com's FREE daily email newsletter.