Societe Generale Gives Hold Rating to BASF SE (BAS)
BASF SE (ETR: BAS)‘s stock had its “hold” rating reiterated by investment analysts at Societe Generale in a note issued to investors on Tuesday. They currently have a $71.43 (€55) target price on the stock.
Shares of BASF SE traded down 3.54% during mid-day trading on Tuesday, hitting €62.621. BASF SE has a 52 week low of €46.10 and a 52 week high of €68.604.
Several other analysts have also recently commented on the stock. Analysts at Independent Research GmbH reiterated a “buy” rating on shares of BASF SE in a research note to investors on Friday. They now have a $105.26 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 Thursday, October 18th. They now have a $91.58 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of BASF SE in a research note to investors on Wednesday, October 17th. They now have a $102.63 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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