Zacks Investment Research upgraded shares of Basf Se (NASDAQ:BASFY) from a hold rating to a buy rating in a research note published on Friday. The brokerage currently has $97.00 price objective on the stock.

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. “

Shares of Basf Se (NASDAQ:BASFY) traded down 1.03% during trading on Friday, reaching $86.10. The company’s stock had a trading volume of 14,554 shares. Basf Se has a one year low of $63.52 and a one year high of $88.12. The firm’s 50-day moving average price is $83.01 and its 200-day moving average price is $78.95. The company has a market capitalization of $79.08 billion and a price-to-earnings ratio of 17.67.

Basf Se Company Profile

5 Day Chart for NASDAQ:BASFY

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