Basf Se (ETR:BAS) has been given a €104.00 ($120.93) price objective by investment analysts at Deutsche Bank AG in a note issued to investors on Wednesday, October 25th. The brokerage presently has a “buy” rating on the basic materials company’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 10.13% from the stock’s current price.
BAS has been the topic of a number of other reports. UBS AG reissued a “buy” rating on shares of Basf Se in a research report on Tuesday, July 4th. Sanford C. Bernstein set a €70.00 ($81.40) price objective on shares of Basf Se and gave the company a “sell” rating in a research report on Thursday, June 29th. Jefferies Group LLC set a €93.00 ($108.14) price objective on shares of Basf Se and gave the company a “neutral” rating in a research report on Monday, July 24th. Independent Research GmbH set a €93.00 ($108.14) price objective on shares of Basf Se and gave the company a “neutral” rating in a research report on Wednesday, September 20th. Finally, Nord/LB set a €92.00 ($106.98) price objective on shares of Basf Se and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of €95.35 ($110.87).
Shares of Basf Se (ETR BAS) traded down €0.71 ($0.83) during midday trading on Wednesday, hitting €94.43 ($109.80). 1,730,883 shares of the company traded hands, compared to its average volume of 1,980,000. Basf Se has a 12 month low of €76.50 ($88.95) and a 12 month high of €97.85 ($113.78).
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About Basf Se
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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