Basf Se (NASDAQ:BASFY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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 raised shares of Basf Se from a “sell” rating to a “hold” rating in a research report on Monday, July 31st.

Basf Se (NASDAQ:BASFY) opened at 103.08 on Thursday. The stock’s 50 day moving average price is $97.47 and its 200 day moving average price is $96.46. Basf Se has a 12-month low of $78.57 and a 12-month high of $103.84. The company has a market capitalization of $94.68 billion and a price-to-earnings ratio of 16.57.

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About Basf Se

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.

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