AlphaValue Gives Reduce Rating to BASF SE (BAS)
BASF SE (ETR: BAS)‘s stock had its “reduce” rating reiterated by equities research analysts at AlphaValue in a research note issued to investors on Friday. They currently have a $93.60 (€70) price target on the stock.
A number of other firms have also recently commented on BAS. Analysts at Jefferies Group reiterated a “hold” rating on shares of BASF SE in a research note to investors on Wednesday, January 2nd. They now have a $88.16 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of BASF SE in a research note to investors on Thursday, December 20th. They now have a $59.21 price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of BASF SE in a research note to investors on Tuesday, December 18th. They now have a $80.26 price target on the stock.
BASF SE traded down 0.16% on Friday, hitting €70.79. BASF SE has a 1-year low of €51.144 and a 1-year high of €73.382. The stock’s 50-day moving average is currently €65.10.
BASF SE is a Germany-based chemical company. It diversifies its activities into six business segments: Chemicals, providing basic products and specialties including nitric acid and methanol, basic chemicals including ethylene and butadiene and intermediates, among others; Plastics, providing engineering plastics, polyamides and polyurethane solutions, among others; Performance Products, providing products for the coatings and paints industry, cosmetics, detergents and cleaners industry, vitamins and enzymes, products for the paper industry and performance chemicals, among others; Functional Solutions, which develops coating products, catalysts and concrete admixtures, among others; Agricultural Solutions, providing active ingredients and formulations for the improvement of crop health and yields, and Oil & Gas business segment, which is bundled in the Wintershall Group, is engaged in the exploration and production of crude oil and natural gas and trading.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.