Today The Commerzbank Ag Reiterates €90.10 Price Target for Basf Se (BAS)

Today The Commerzbank Ag Reiterates €90.10 Price Target for Basf Se (BAS)

Basf Se (ETR:BAS) has been given a €90.10 ($96.88) price objective by analysts at Commerzbank Ag in a report issued on Wednesday. The firm currently has a “buy” rating on the stock.

Several other brokerages have also recently issued reports on BAS. Macquarie set a €85.00 ($91.40) price target on shares of Basf Se and gave the company a “buy” rating in a research report on Tuesday, September 27th. Societe Generale set a €82.00 ($88.17) price target on shares of Basf Se and gave the company a “buy” rating in a research report on Wednesday, September 28th. Baader Bank set a €80.00 ($86.02) price target on shares of Basf Se and gave the company a “neutral” rating in a research report on Monday, October 3rd. BNP Paribas set a €80.00 ($86.02) price target on shares of Basf Se and gave the company a “buy” rating in a research report on Wednesday, October 5th. Finally, HSBC Holdings plc set a €72.00 ($77.42) price target on shares of Basf Se and gave the company a “neutral” rating in a research report on Friday, October 7th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. Basf Se currently has a consensus rating of “Hold” and an average target price of €80.04 ($86.07).

Basf Se (ETR:BAS) traded up 1.137% during trading on Wednesday, hitting €90.213. 17,141 shares of the company’s stock traded hands. The stock has a market cap of €82.86 billion and a P/E ratio of 22.408. Basf Se has a 12 month low of €56.04 and a 12 month high of €90.63. The company’s 50 day moving average is €87.35 and its 200-day moving average is €78.17.

Basf Se Company Profile

BASF SE is a chemical company. The Company operates through five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. Its portfolio ranges from solvents, plasticizers and high-volume monomers to glues and electronic chemicals, as well as raw materials for detergents, plastics, textile fibers, paints and coatings, crop protection and medicines.

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