Societe Generale Analysts Give Basf (BAS) a €92.00 Price Target
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).
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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