BASF SE Stock Rating Reaffirmed by JPMorgan Chase (BAS)
BASF SE (ETR: BAS)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase in a note issued to investors on Monday. They currently have a $76.62 (€59) target price on the stock.
Shares of BASF SE traded down 1.35% during mid-day trading on Monday, hitting €65.601. BASF SE has a 52 week low of €46.10 and a 52 week high of €68.604.
A number of other analysts have also recently weighed in on BAS. Analysts at Equinet Institutional Services(ESN) reiterated a “buy” rating on shares of BASF SE in a research note to investors on Thursday. They now have a $102.56 price target on the stock. Separately, analysts at AlphaValue reiterated a “reduce” rating on shares of BASF SE in a research note to investors on Tuesday, October 2nd. They now have a $87.05 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, October 2nd. They now have a $78.21 price target on the stock.
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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