Basf (ETR:BAS) received a €92.00 ($109.52) target price from equities researchers at Societe Generale in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Societe Generale’s price objective would indicate a potential downside of 0.69% from the stock’s previous close.

Several other equities research analysts also recently weighed in on BAS. UBS set a €99.00 ($117.86) price objective on shares of Basf and gave the stock a “buy” rating in a report on Monday. DZ Bank reaffirmed a “buy” rating on shares of Basf in a report on Monday. Independent Research set a €97.00 ($115.48) price objective on shares of Basf and gave the stock a “neutral” rating in a report on Monday. Barclays set a €97.00 ($115.48) price target on shares of Basf and gave the stock a “neutral” rating in a research report on Monday. Finally, Baader Bank set a €100.00 ($119.05) price target on shares of Basf and gave the stock a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of €95.53 ($113.72).

Shares of Basf (ETR:BAS) traded down €1.36 ($1.62) on Friday, hitting €92.64 ($110.29). 2,976,002 shares of the stock traded hands, compared to its average volume of 2,120,000. Basf has a 52 week low of €77.84 ($92.67) and a 52 week high of €97.90 ($116.55).

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About Basf

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.

Analyst Recommendations for Basf (ETR:BAS)

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