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.
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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