Basf (ETR:BAS) has been given a €95.00 ($110.47) price objective by analysts at Commerzbank in a report issued on Wednesday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Commerzbank’s price target would suggest a potential upside of 21.20% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Societe Generale set a €95.00 ($110.47) price objective on shares of Basf and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group set a €92.00 ($106.98) price target on shares of Basf and gave the company a “neutral” rating in a report on Monday. Sanford C. Bernstein set a €87.00 ($101.16) price target on shares of Basf and gave the company a “neutral” rating in a report on Monday. Credit Suisse Group set a €105.00 ($122.09) price target on shares of Basf and gave the company a “buy” rating in a report on Friday, September 21st. Finally, HSBC set a €94.00 ($109.30) price target on shares of Basf and gave the company a “buy” rating in a report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of €97.28 ($113.12).
Shares of ETR:BAS opened at €78.38 ($91.14) on Wednesday. Basf has a 1 year low of €78.97 ($91.83) and a 1 year high of €98.70 ($114.77).
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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