Basf (BAS) Given a €96.00 Price Target by Barclays Analysts
Basf (ETR:BAS) received a €96.00 ($114.29) price objective from analysts at Barclays in a research note issued on Friday. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Barclays’ price target would suggest a potential upside of 1.19% from the company’s previous close.
Several other brokerages have also commented on BAS. Deutsche Bank set a €109.00 ($129.76) price target on shares of Basf and gave the stock a “buy” rating in a research report on Thursday, January 4th. JPMorgan Chase & Co. set a €95.00 ($113.10) price target on shares of Basf and gave the stock a “neutral” rating in a research report on Monday, January 8th. Sanford C. Bernstein set a €88.00 ($104.76) price target on shares of Basf and gave the stock a “neutral” rating in a research report on Monday, January 8th. Macquarie set a €105.00 ($125.00) price target on shares of Basf and gave the stock a “buy” rating in a research report on Monday, October 2nd. 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 Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of €96.57 ($114.96).
Basf (ETR BAS) traded up €0.89 ($1.06) during trading hours on Friday, hitting €94.87 ($112.94). 2,057,586 shares of the stock were exchanged, compared to its average volume of 2,010,000. The firm has a market capitalization of $87,140.00 and a price-to-earnings ratio of 16.67. Basf has a twelve month low of €78.97 ($94.01) and a twelve month high of €97.90 ($116.55).
ILLEGAL ACTIVITY NOTICE: This story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/14/basf-bas-given-a-96-00-price-target-by-barclays-analysts.html.
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.