Zacks Investment Research Upgrades Basf Se (BASFY) to “Buy”

Basf Se (NASDAQ:BASFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $115.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 11.56% from the stock’s previous close.

According to Zacks, “BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. “

Separately, Berenberg Bank upgraded shares of Basf Se from a “sell” rating to a “hold” rating in a research report on Monday, July 31st.

Shares of Basf Se (NASDAQ BASFY) traded up 0.38% during mid-day trading on Friday, hitting $103.08. 16,244 shares of the company were exchanged. The company has a 50 day moving average of $97.47 and a 200 day moving average of $96.46. Basf Se has a 52 week low of $78.57 and a 52 week high of $103.84. The company has a market capitalization of $94.68 billion and a P/E ratio of 16.57.

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Basf Se Company Profile

BASF SE is a chemical company. The Company operates through five segments, which include Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. The Performance Products segment consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health, and Performance Chemicals divisions.

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