Basf Se (ETR:BAS) received a €92.00 ($106.98) price target from Barclays PLC in a report issued on Tuesday, October 17th. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Barclays PLC’s price objective would suggest a potential downside of 5.60% from the company’s current price.
Several other research analysts also recently weighed in on the stock. UBS AG reiterated a “buy” rating on shares of Basf Se in a research note on Tuesday, July 4th. Deutsche Bank AG set a €101.00 ($117.44) target price on shares of Basf Se and gave the stock a “buy” rating in a research note on Monday, July 3rd. Jefferies Group LLC set a €95.00 ($110.47) target price on shares of Basf Se and gave the stock a “neutral” rating in a research note on Friday, June 30th. Kepler Capital Markets set a €101.00 ($117.44) target price on shares of Basf Se and gave the stock a “buy” rating in a research note on Thursday, June 29th. Finally, Baader Bank set a €85.00 ($98.84) price target on shares of Basf Se and gave the company a “neutral” rating in a research report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of €95.05 ($110.52).
Shares of Basf Se (BAS) traded up €0.45 ($0.52) during midday trading on Tuesday, hitting €97.46 ($113.33). 1,623,858 shares of the stock were exchanged, compared to its average volume of 1,930,000. Basf Se has a 1 year low of €76.50 ($88.95) and a 1 year high of €97.05 ($112.85).
About Basf Se
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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