Basf Se (ETR:BAS) has been given a €82.00 ($96.47) price objective by Morgan Stanley in a research note issued on Monday. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Morgan Stanley’s price objective would suggest a potential downside of 12.64% from the stock’s current price.
Several other equities analysts also recently weighed in on BAS. Sanford C. Bernstein set a €72.00 ($84.71) target price on Basf and gave the company a “sell” rating in a research report on Monday. Independent Research GmbH set a €97.00 ($114.12) price target on Basf and gave the company a “neutral” rating in a report on Monday. DZ Bank AG reaffirmed a “buy” rating on shares of Basf in a report on Monday. UBS AG set a €99.00 ($116.47) price target on Basf and gave the company a “buy” rating in a report on Monday. Finally, Barclays PLC set a €97.00 ($114.12) price target on Basf and gave the company a “neutral” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of €95.96 ($112.90).
Basf (ETR:BAS) traded down €1.24 ($1.46) during midday trading on Monday, hitting €93.86 ($110.42). The stock had a trading volume of 1,279,049 shares, compared to its average volume of 2,040,000. Basf has a 1-year low of €77.84 ($91.58) and a 1-year high of €97.90 ($115.18).
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Basf Company Profile
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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