Basf (ETR:BAS) has been assigned a €99.00 ($117.86) price target by stock analysts at UBS in a research note issued on Monday, November 20th, www.boersen-zeitung.de reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. UBS’s price objective points to a potential upside of 6.37% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Jefferies Group set a €93.00 ($110.71) price objective on Basf and gave the stock a “neutral” rating in a report on Monday, July 24th. set a €85.00 ($101.19) price objective on Basf and gave the stock a “sell” rating in a report on Wednesday, November 8th. Deutsche Bank set a €101.00 ($120.24) price objective on Basf and gave the stock a “buy” rating in a report on Wednesday, September 20th. Warburg Research set a €98.60 ($117.38) price objective on Basf and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, DZ Bank restated a “buy” rating on shares of Basf in a report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of €95.87 ($114.13).
Basf (BAS) traded down €0.82 ($0.98) during trading on Monday, hitting €93.07 ($110.80). 1,749,891 shares of the stock traded hands, compared to its average volume of 2,200,000. Basf has a 12-month low of €78.97 ($94.01) and a 12-month high of €97.90 ($116.55).
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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