Basf Se (BAS) Given a €85.00 Price Target by HSBC Holdings plc Analysts
Basf Se (ETR:BAS) received a €85.00 ($98.84) price target from HSBC Holdings plc in a report released on Wednesday. The firm currently has a “sell” rating on the basic materials company’s stock. HSBC Holdings plc’s price target would suggest a potential downside of 10.66% from the stock’s previous close.
Several other equities research analysts have also commented on the company. Barclays PLC set a €97.00 ($112.79) price objective on Basf Se and gave the stock a “neutral” rating in a research report on Friday, November 3rd. DZ Bank AG restated a “buy” rating on shares of Basf Se in a research report on Monday, October 30th. Warburg Research set a €109.00 ($126.74) target price on Basf Se and gave the company a “buy” rating in a research report on Monday, October 30th. Berenberg Bank set a €96.00 ($111.63) target price on Basf Se and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Citigroup Inc. set a €110.00 ($127.91) target price on Basf Se and gave the company a “buy” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. Basf Se presently has an average rating of “Hold” and a consensus price target of €95.35 ($110.87).
Shares of Basf Se (ETR BAS) opened at €95.14 ($110.63) on Wednesday. Basf Se has a 52-week low of €76.50 ($88.95) and a 52-week high of €97.90 ($113.84).
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Basf Se Company Profile
BASF SE operates as a chemical company worldwide. It operates through five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment offers solvents, plasticizers, monomers, and glues, as well as raw materials for detergents, plastics, textile fibers, paints and coatings, crop protection products, and medicines.
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