Basf (ETR:BAS) received a €88.00 ($104.76) price objective from research analysts at Morgan Stanley in a research note issued on Wednesday. The firm presently has a “neutral” rating on the basic materials company’s stock. Morgan Stanley’s price target would suggest a potential downside of 6.34% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. set a €78.00 ($92.86) price objective on shares of Basf and gave the company a “neutral” rating in a research note on Thursday, August 24th. Barclays set a €97.00 ($115.48) price objective on shares of Basf and gave the company a “neutral” rating in a research note on Friday, November 3rd. Berenberg Bank set a €96.00 ($114.29) target price on shares of Basf and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. DZ Bank reiterated a “buy” rating on shares of Basf in a research note on Monday, October 30th. Finally, UBS set a €99.00 ($117.86) target price on shares of Basf and gave the stock a “buy” rating in a research note on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of €96.23 ($114.56).

Basf (ETR:BAS) traded down €0.32 ($0.38) during midday trading on Wednesday, reaching €93.96 ($111.86). 521,806 shares of the company’s stock traded hands, compared to its average volume of 2,120,000. Basf has a one year low of €78.97 ($94.01) and a one year high of €97.90 ($116.55).

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Basf Company Profile

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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