Morgan Stanley Analysts Give Basf (BAS) a €88.00 Price Target
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).
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.
Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.