Basf Se (NASDAQ:BASFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a $97.00 price objective on the stock. Zacks Investment Research’s target price points to a potential upside of 11.49% from the stock’s current price.
According to Zacks, “BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. “
Shares of Basf Se (NASDAQ:BASFY) traded up 0.76% on Friday, hitting $87.00. The stock had a trading volume of 36,428 shares. Basf Se has a 12-month low of $63.52 and a 12-month high of $88.12. The company has a 50 day moving average of $82.85 and a 200-day moving average of $78.86. The firm has a market capitalization of $79.91 billion and a P/E ratio of 17.86.
About Basf Se
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