Basf (ETR:BAS) has been assigned a €88.00 ($104.76) price target by Morgan Stanley in a report issued on Friday. The firm presently has a “neutral” rating on the basic materials company’s stock. Morgan Stanley’s price target would indicate a potential downside of 10.03% from the stock’s current price.
BAS has been the subject of a number of other research reports. Berenberg Bank set a €96.00 ($114.29) target price on shares of Basf and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Macquarie set a €105.00 ($125.00) target price on shares of Basf and gave the stock a “buy” rating in a research report on Monday, October 9th. Baader Bank set a €100.00 ($119.05) target price on shares of Basf and gave the stock a “buy” rating in a research report on Thursday, September 28th. Sanford C. Bernstein set a €68.00 ($80.95) target price on shares of Basf and gave the stock a “sell” rating in a research report on Monday, October 2nd. Finally, Barclays set a €92.00 ($109.52) target price on shares of Basf and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Basf currently has a consensus rating of “Hold” and an average price target of €98.18 ($116.88).
Basf (BAS) opened at €97.81 ($116.44) on Friday. The firm has a market cap of $88,310.00 and a PE ratio of 17.19. Basf has a 1 year low of €78.97 ($94.01) and a 1 year high of €97.90 ($116.55).
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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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