Basf Se (ETR:BAS) received a €85.00 ($100.00) target price from stock analysts at in a research report issued on Wednesday, November 8th. The firm presently has a “sell” rating on the basic materials company’s stock. ‘s target price would indicate a potential downside of 8.94% from the company’s current price.
A number of other research analysts have also commented on the company. Barclays PLC set a €97.00 ($114.12) price target on Basf and gave the company a “neutral” rating in a report on Friday, November 3rd. DZ Bank AG reaffirmed a “buy” rating on shares of Basf in a report on Monday, October 30th. Warburg Research set a €109.00 ($128.24) target price on Basf and gave the stock a “buy” rating in a report on Monday, October 30th. Berenberg Bank set a €96.00 ($112.94) target price on Basf and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Citigroup Inc. set a €110.00 ($129.41) target price on Basf and gave the stock a “buy” rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of €95.96 ($112.90).
Shares of Basf (ETR BAS) traded down €1.75 ($2.06) on Wednesday, hitting €93.35 ($109.82). The stock had a trading volume of 2,046,293 shares, compared to its average volume of 2,040,000. Basf has a 52 week low of €77.84 ($91.58) and a 52 week high of €97.90 ($115.18).
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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