Basf (ETR:BAS) received a €109.00 ($129.76) price target from equities researchers at Deutsche Bank in a research report issued on Friday. The firm currently has a “buy” rating on the basic materials company’s stock. Deutsche Bank’s price objective suggests a potential upside of 11.60% from the stock’s current price.
Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. set a €97.00 ($115.48) target price on shares of Basf and gave the stock a “neutral” rating in a report on Friday. Kepler Capital Markets set a €116.00 ($138.10) target price on shares of Basf and gave the stock a “buy” rating in a report on Friday. Commerzbank set a €90.10 ($107.26) target price on shares of Basf and gave the stock a “buy” rating in a report on Friday. Barclays set a €96.00 ($114.29) target price on shares of Basf and gave the stock a “neutral” rating in a report on Friday, January 12th. Finally, Bank of America set a €99.00 ($117.86) target price on shares of Basf and gave the stock a “neutral” rating in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. Basf currently has an average rating of “Hold” and a consensus target price of €98.18 ($116.88).
Shares of Basf (ETR:BAS) traded up €1.52 ($1.81) during trading on Friday, reaching €97.67 ($116.27). 5,752,102 shares of the company’s stock traded hands, compared to its average volume of 2,020,000. Basf has a one year low of €78.97 ($94.01) and a one year high of €98.80 ($117.62). The company has a market cap of $89,710.00 and a PE ratio of 17.17.
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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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