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.
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