BASF SE Stock Rating Reaffirmed by Sanford C. Bernstein (BAS)

BASF SE (ETR: BAS)‘s stock had its “outperform” rating reaffirmed by equities researchers at Sanford C. Bernstein in a research report issued on Wednesday, StockRatingsNetwork.com reports. They currently have a €86.00 ($111.69) target price on the stock.

BASF SE (ETR: BAS) traded down 1.76% on Wednesday, hitting €73.285. BASF SE has a 52-week low of €51.144 and a 52-week high of €76.18. The stock’s 50-day moving average is currently €65.10.

BAS has been the subject of a number of other recent research reports. Analysts at Baader Bank reiterated a “buy” rating on shares of BASF SE in a research note to investors on Tuesday. They now have a €85.00 ($110.39) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of BASF SE in a research note to investors on Friday, May 17th. They now have a €80.00 ($103.90) price target on the stock. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of BASF SE in a research note to investors on Thursday, May 16th. They now have a €72.50 ($94.16) price target on the stock.

Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of €74.23 ($96.41).

BASF SE is a German chemical company. It diversifies its activities into five business segments: Chemicals, providing basic products and specialties including nitric acid and methanol, basic chemicals including ethylene and butadiene and intermediates, among others; Performance Products, providing products for the coatings and paints industry, cosmetics, detergents, cleaners industry, vitamins, enzymes, products for the paper industry and performance chemicals, among others; Functional Materials & Solutions that develops coating products, catalysts and construction chemicals, among others; Agricultural Solutions, providing active ingredients and formulations for the improvement of crop health and yields, and Oil & Gas segment (ETR: BAS).

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