Basf (ETR:BAS) has been assigned a €81.00 ($94.19) target price by equities researchers at Nord/LB in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the basic materials company’s stock. Nord/LB’s price target indicates a potential upside of 21.57% from the company’s previous close.

A number of other analysts also recently weighed in on the company. Commerzbank set a €95.00 ($110.47) price target on Basf and gave the company a “buy” rating in a research note on Friday, October 26th. Morgan Stanley set a €78.00 ($90.70) price target on Basf and gave the company a “neutral” rating in a research note on Friday, October 12th. Societe Generale set a €95.00 ($110.47) price target on Basf and gave the company a “buy” rating in a research note on Monday, October 1st. Kepler Capital Markets set a €120.00 ($139.53) price target on Basf and gave the company a “buy” rating in a research note on Friday, October 26th. Finally, Credit Suisse Group set a €105.00 ($122.09) price target on Basf and gave the company a “buy” rating in a research note on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of €89.36 ($103.91).

Shares of BAS stock opened at €66.63 ($77.48) on Wednesday. Basf has a twelve month low of €78.97 ($91.83) and a twelve month high of €98.70 ($114.77).

Basf 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.

See Also: Depreciation

Analyst Recommendations for Basf (ETR:BAS)

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