UBS AG set a €97.00 ($112.79) target price on Basf Se (ETR:BAS) in a report released on Tuesday, October 24th, www.boersen-zeitung.de reports. The firm currently has a buy rating on the basic materials company’s stock.
Other research analysts also recently issued reports about the stock. Sanford C. Bernstein set a €70.00 ($81.40) target price on shares of Basf Se and gave the stock a sell rating in a research note on Thursday, June 29th. Deutsche Bank AG set a €101.00 ($117.44) target price on shares of Basf Se and gave the stock a buy rating in a research note on Monday, June 26th. Jefferies Group LLC set a €93.00 ($108.14) target price on shares of Basf Se and gave the stock a neutral rating in a research note on Monday, July 24th. Independent Research GmbH set a €93.00 ($108.14) target price on shares of Basf Se and gave the stock a neutral rating in a research note on Wednesday, September 20th. Finally, Baader Bank set a €85.00 ($98.84) price objective on shares of Basf Se and gave the company a neutral rating in a research report on Wednesday, July 5th. 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 Tuesday, 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).
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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