Basf (ETR:BAS) has been given a €73.00 ($84.88) price objective by UBS Group in a report issued on Tuesday, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price target suggests a potential upside of 14.06% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Commerzbank set a €95.00 ($110.47) price objective on shares of Basf and gave the company a “buy” rating in a research report on Wednesday, September 26th. Sanford C. Bernstein set a €90.00 ($104.65) price objective on shares of Basf and gave the company a “neutral” rating in a research report on Friday, October 26th. JPMorgan Chase & Co. set a €94.00 ($109.30) price objective on shares of Basf and gave the company a “neutral” rating in a research report on Friday, October 26th. Baader Bank set a €65.00 ($75.58) price objective on shares of Basf and gave the company a “sell” rating in a research report on Monday, November 5th. Finally, BNP Paribas set a €100.00 ($116.28) price objective on shares of Basf and gave the company a “buy” rating in a research report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of €85.14 ($99.00).
Shares of BAS traded down €1.34 ($1.56) during trading hours on Tuesday, hitting €64.00 ($74.42). The company had a trading volume of 3,821,575 shares, compared to its average volume of 2,920,000. Basf has a 12 month low of €78.97 ($91.83) and a 12 month high of €98.70 ($114.77).
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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