Basf (ETR:BAS) has been given a €99.00 ($117.86) price objective by stock analysts at Nord/LB in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the basic materials company’s stock. Nord/LB’s price target suggests a potential upside of 1.36% from the company’s current price.
Several other brokerages also recently weighed in on BAS. Warburg Research set a €115.00 ($136.90) price target on Basf and gave the stock a “buy” rating in a report on Friday. Commerzbank set a €90.10 ($107.26) price objective on Basf and gave the stock a “buy” rating in a research note on Friday. Kepler Capital Markets set a €116.00 ($138.10) price objective on Basf and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. set a €97.00 ($115.48) price objective on Basf and gave the stock a “neutral” rating in a research note on Friday. Finally, Deutsche Bank set a €109.00 ($129.76) price objective on Basf and gave the stock a “buy” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €98.18 ($116.88).
Shares of Basf (BAS) traded up €1.52 ($1.81) during midday trading on Friday, reaching €97.67 ($116.27). The company’s stock had a trading volume of 5,752,102 shares, compared to its average volume of 2,020,000. The firm has a market capitalization of $89,710.00 and a P/E ratio of 17.17. Basf has a fifty-two week low of €78.97 ($94.01) and a fifty-two week high of €98.80 ($117.62).
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.