Basf (BAS) Given a €65.00 Price Target by Baader Bank Analysts
Basf (ETR:BAS) has been assigned a €65.00 ($75.58) price target by research analysts at Baader Bank in a research note issued on Tuesday. The brokerage presently has a “sell” rating on the basic materials company’s stock. Baader Bank’s target price points to a potential downside of 3.33% from the company’s current price.
Other analysts also recently issued reports about the company. Barclays set a €105.00 ($122.09) target price on Basf and gave the company a “buy” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. set a €94.00 ($109.30) target price on Basf and gave the company a “neutral” rating in a research note on Friday, July 27th. Berenberg Bank set a €102.00 ($118.60) target price on Basf and gave the company a “buy” rating in a research note on Monday, July 30th. Societe Generale set a €95.00 ($110.47) target price on Basf and gave the company a “buy” rating in a research note on Monday, July 30th. Finally, Cfra set a €89.00 ($103.49) target price on Basf and gave the company a “neutral” rating in a research note on Monday, July 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of €89.95 ($104.60).
Basf stock opened at €67.24 ($78.19) on Tuesday. Basf has a twelve month low of €78.97 ($91.83) and a twelve month high of €98.70 ($114.77).
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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