Basf (BAS) Given a €109.00 Price Target by Deutsche Bank Analysts

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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About Basf

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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