UBS Group set a €73.00 ($84.88) target price on Basf (ETR:BAS) in a report issued on Friday, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
Other analysts have also recently issued research reports about the company. Baader Bank set a €93.00 ($108.14) price objective on Basf and gave the company a neutral rating in a research note on Wednesday, July 18th. Commerzbank set a €95.00 ($110.47) price objective on Basf and gave the company a buy rating in a research note on Wednesday, September 26th. Sanford C. Bernstein set a €90.00 ($104.65) price objective on Basf and gave the company a neutral rating in a research note on Friday, October 26th. JPMorgan Chase & Co. set a €94.00 ($109.30) price objective on Basf and gave the company a neutral rating in a research note on Friday, October 26th. Finally, Societe Generale set a €95.00 ($110.47) price objective on Basf and gave the company a buy rating in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of €90.50 ($105.23).
ETR BAS traded down €0.21 ($0.24) on Friday, hitting €68.85 ($80.06). 2,972,713 shares of the stock traded hands, compared to its average volume of 2,920,000. Basf has a twelve month low of €78.97 ($91.83) and a twelve month high of €98.70 ($114.77).
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.
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