Basf Se (ETR:BAS) has been assigned a €93.00 ($109.41) target price by stock analysts at Independent Research GmbH in a report issued on Friday. The firm currently has a “neutral” rating on the basic materials company’s stock.
Several other equities analysts also recently issued reports on the company. Baader Bank set a €85.00 ($100.00) price objective on Basf Se and gave the company a “neutral” rating in a research report on Thursday, June 29th. HSBC Holdings plc set a €78.00 ($91.76) target price on Basf Se and gave the company a “neutral” rating in a research note on Thursday, August 24th. Deutsche Bank AG set a €101.00 ($118.82) target price on Basf Se and gave the company a “buy” rating in a research note on Monday, June 26th. Berenberg Bank set a €78.00 ($91.76) target price on Basf Se and gave the company a “sell” rating in a research note on Friday, June 23rd. Finally, BNP Paribas set a €96.00 ($112.94) target price on Basf Se and gave the company a “buy” rating in a research note on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. Basf Se presently has an average rating of “Hold” and a consensus target price of €91.92 ($108.14).
Basf Se (ETR BAS) opened at 89.069 on Friday. Basf Se has a 1-year low of €75.30 and a 1-year high of €94.15. The stock has a 50 day moving average price of €86.24 and a 200 day moving average price of €85.91. The company has a market cap of €81.81 billion and a PE ratio of 17.132.
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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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