Basf (ETR:BAS) has been assigned a €104.00 ($123.81) price target by stock analysts at Independent Research in a research report issued to clients and investors on Friday. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Independent Research’s target price suggests a potential upside of 6.48% from the company’s current price.
A number of other research firms also recently issued reports on BAS. Nord/LB set a €99.00 ($117.86) price target on shares of Basf and gave the stock a “neutral” rating in a research report on Friday. UBS Group set a €99.00 ($117.86) price target on shares of Basf and gave the stock a “neutral” rating in a research report on Friday. Warburg Research set a €115.00 ($136.90) price target on shares of Basf and gave the stock a “buy” rating in a research report on Friday. Commerzbank set a €90.10 ($107.26) price target on shares of Basf and gave the stock a “buy” rating in a research report on Friday. Finally, Kepler Capital Markets set a €116.00 ($138.10) price target on shares of Basf and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of €98.18 ($116.88).
Basf (BAS) opened at €97.67 ($116.27) on Friday. Basf has a 52-week low of €78.97 ($94.01) and a 52-week high of €98.80 ($117.62). The stock has a market cap of $89,710.00 and a PE ratio of 17.17.
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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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