Basf Se (BAS) Given Consensus Rating of “Buy” by Brokerages

Basf Se (ETR:BAS) has earned a consensus recommendation of “Buy” from the twenty-three ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is €89.14 ($103.65).

A number of brokerages have recently commented on BAS. JPMorgan Chase & Co. set a €94.00 ($109.30) price target on Basf and gave the company a “neutral” rating in a research note on Friday, July 27th. Commerzbank set a €90.10 ($104.77) price target on Basf and gave the company a “buy” rating in a research note on Friday, July 27th. Baader Bank set a €93.00 ($108.14) price target on Basf and gave the company a “neutral” rating in a research note on Friday, July 27th. Kepler Capital Markets set a €120.00 ($139.53) price target on Basf and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, Nord/LB set a €98.00 ($113.95) price target on Basf and gave the company a “buy” rating in a research note on Friday, July 27th.

ETR BAS traded down €1.22 ($1.42) on Thursday, hitting €65.73 ($76.43). 2,599,403 shares of the company’s stock were exchanged, compared to its average volume of 2,920,000. Basf has a 52 week low of €78.97 ($91.83) and a 52 week high of €98.70 ($114.77).

Basf Company Profile

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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Analyst Recommendations for Basf (ETR:BAS)

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