Zacks Investment Research upgraded shares of Basf Se (NASDAQ:BASFY) from a hold rating to a buy rating in a research report released on Friday. They currently have $97.00 price target on the stock.

According to Zacks, “BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. “

Shares of Basf Se (NASDAQ:BASFY) traded down 1.03% during trading on Friday, reaching $86.10. 14,554 shares of the company were exchanged. Basf Se has a 1-year low of $63.52 and a 1-year high of $88.12. The firm has a market capitalization of $79.08 billion and a PE ratio of 17.67. The company’s 50-day moving average is $83.01 and its 200 day moving average is $78.95.

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