Sanford C. Bernstein Gives Market Perform Rating to BASF SE (BAS)
BASF SE (ETR: BAS)‘s stock had its “market perform” rating restated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Tuesday. They currently have a $79.22 (€61) price target on the stock.
A number of other firms have also recently commented on BAS. Analysts at AlphaValue reiterated a “reduce” rating on shares of BASF SE in a research note to investors on Thursday, November 29th. They now have a $84.81 price target on the stock. Separately, analysts at Equinet Institutional Services upgraded shares of BASF SE to a “buy” rating in a research note to investors on Wednesday, November 21st. They now have a $102.56 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “sell” rating on shares of BASF SE in a research note to investors on Wednesday, November 14th. They now have a $56.96 price target on the stock.
Shares of BASF SE traded down 0.73% during mid-day trading on Tuesday, hitting €68.847. BASF SE has a one year low of €50.49 and a one year high of €69.168.
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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