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.
TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Upgrades Basf Se (BASFY) to “Buy”” was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/09/15/zacks-investment-research-upgrades-basf-se-basfy-to-buy.html.
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.
Receive News & Ratings for Basf Se Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf Se and related companies with MarketBeat.com's FREE daily email newsletter.