JPMorgan Chase & Co. Reiterates €97.00 Price Target for Basf (BAS)

Basf (ETR:BAS) received a €97.00 ($115.48) price target from JPMorgan Chase & Co. 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. JPMorgan Chase & Co.’s target price would indicate a potential downside of 0.69% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. 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 2nd. Baader Bank set a €100.00 ($119.05) price objective on shares of Basf and gave the company a “buy” rating in a report on Thursday, September 28th. Deutsche Bank set a €101.00 ($120.24) price objective on shares of Basf and gave the company a “buy” rating in a report on Thursday, September 28th. UBS Group set a €96.00 ($114.29) price objective on shares of Basf and gave the company a “buy” rating in a report on Monday, September 25th. Finally, Warburg Research set a €102.00 ($121.43) price objective on shares of Basf and gave the company a “buy” rating in a report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of €98.18 ($116.88).

Basf (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 PE ratio of 17.17.

TRADEMARK VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/21/jpmorgan-chase-97-00-price-target-for-basf-bas.html.

Basf Company Profile

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)

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.

Leave a Reply