BASF SE (ETR: BAS)‘s stock had its “buy” rating restated by equities researchers at Commerzbank Corporates & Markets in a report issued on Thursday. They currently have a $109.21 (€83) target price on the stock.
Shares of BASF SE traded down 0.16% during mid-day trading on Thursday, hitting €72.286. BASF SE has a 52 week low of €51.144 and a 52 week high of €76.18. The stock’s 50-day moving average is currently €65.10.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of BASF SE in a research note to investors on Wednesday. They now have a $93.51 price target on the stock. Separately, analysts at Baader Bank reiterated a “buy” rating on shares of BASF SE in a research note to investors on Tuesday. They now have a $110.39 price target on the stock. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of BASF SE in a research note to investors on Thursday, February 21st. They now have a $101.07 price target on the stock.
BASF SE is a Germany-based chemical company. It diversifies its activities into six business segments: Chemicals, providing basic products and specialties including nitric acid and methanol, basic chemicals including ethylene and butadiene and intermediates, among others; Plastics, providing engineering plastics, polyamides and polyurethane solutions, among others; Performance Products, providing products for the coatings and paints industry, cosmetics, detergents and cleaners industry, vitamins and enzymes, products for the paper industry and performance chemicals, among others; Functional Solutions, which develops coating products, catalysts and concrete admixtures, among others; Agricultural Solutions, providing active ingredients and formulations for the improvement of crop health and yields, and Oil & Gas business segment, which is bundled in the Wintershall Group, is engaged in the exploration and production of crude oil and natural gas and trading.
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