Basf (BAS) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Basf (ETR:BAS)‘s stock had its “neutral” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Thursday.
Other equities analysts have also issued reports about the stock. Independent Research set a €72.00 ($83.72) target price on shares of Basf and gave the stock a “neutral” rating in a research report on Wednesday. Deutsche Bank set a €94.00 ($109.30) target price on shares of Basf and gave the stock a “buy” rating in a research report on Wednesday. Commerzbank set a €95.00 ($110.47) target price on shares of Basf and gave the stock a “buy” rating in a research report on Wednesday. Nord/LB set a €81.00 ($94.19) price objective on shares of Basf and gave the company a “buy” rating in a report on Wednesday. Finally, Baader Bank set a €93.00 ($108.14) price objective on shares of Basf and gave the company a “neutral” rating in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Basf presently has an average rating of “Buy” and an average target price of €89.36 ($103.91).
Shares of ETR:BAS opened at €65.76 ($76.47) on Thursday. Basf has a one year low of €78.97 ($91.83) and a one year 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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