Basf (ETR:BAS) has been assigned a €97.00 ($115.48) price objective by investment analysts at JPMorgan Chase & Co. in a research report issued on Friday. The firm presently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 0.69% from the stock’s current price.
A number of other research firms also recently commented on BAS. Commerzbank set a €90.10 ($107.26) target price on Basf and gave the stock a “buy” rating in a research report on Friday. Kepler Capital Markets set a €116.00 ($138.10) target price on Basf and gave the stock a “buy” rating in a research report on Friday. Barclays set a €97.00 ($115.48) target price on Basf and gave the stock a “neutral” rating in a research report on Friday, November 3rd. set a €85.00 ($101.19) target price on Basf and gave the stock a “sell” rating in a research report on Wednesday, November 8th. Finally, Sanford C. Bernstein set a €72.00 ($85.71) target price on Basf and gave the stock a “sell” rating in a research report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of €98.18 ($116.88).
Shares of Basf (BAS) opened at €97.67 ($116.27) on Friday. The company has a market capitalization of $89,710.00 and a PE ratio of 17.17. Basf has a 52-week low of €78.97 ($94.01) and a 52-week high of €98.80 ($117.62).
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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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