Basf (ETR:BAS) has been given a €90.10 ($107.26) target price by Commerzbank in a research note issued to investors on Friday. The firm presently has a “buy” rating on the basic materials company’s stock. Commerzbank’s target price indicates a potential downside of 7.75% from the company’s previous close.
BAS has been the subject of several other research reports. set a €85.00 ($101.19) price target on shares of Basf and gave the stock a “sell” rating in a research report on Wednesday, November 8th. UBS Group set a €99.00 ($117.86) price target on shares of Basf and gave the stock a “buy” rating in a research report on Monday, November 27th. DZ Bank reiterated a “buy” rating on shares of Basf in a research report on Monday, October 30th. Barclays set a €96.00 ($114.29) price target on shares of Basf and gave the stock a “neutral” rating in a research report on Friday, January 12th. Finally, Sanford C. Bernstein set a €72.00 ($85.71) price target on shares of Basf and gave the stock a “sell” rating in a research report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of €98.18 ($116.88).
Shares of Basf (ETR:BAS) opened at €97.67 ($116.27) on Friday. Basf has a 1 year low of €78.97 ($94.01) and a 1 year high of €98.80 ($117.62). The company has a market cap of $89,710.00 and a P/E 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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