Basf (BAS) Given a €97.00 Price Target at JPMorgan Chase & Co.
JPMorgan Chase & Co. set a €97.00 ($115.48) target price on Basf (ETR:BAS) in a research report sent to investors on Friday morning. The firm currently has a neutral rating on the basic materials company’s stock.
A number of other brokerages have also recently commented on BAS. Berenberg Bank set a €96.00 ($114.29) target price on Basf and gave the stock a neutral rating in a report on Wednesday, October 4th. Goldman Sachs Group set a €87.00 ($103.57) target price on Basf and gave the stock a neutral rating in a report on Tuesday, October 17th. Nord/LB set a €92.00 ($109.52) target price on Basf and gave the stock a neutral rating in a report on Friday, December 8th. Morgan Stanley set a €82.00 ($97.62) target price on Basf and gave the stock a neutral rating in a report on Friday, December 8th. Finally, Macquarie set a €105.00 ($125.00) target price on Basf and gave the stock a buy rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of €98.18 ($116.88).
Shares of Basf (ETR:BAS) traded up €1.52 ($1.81) during trading on Friday, hitting €97.67 ($116.27). The stock had a trading volume of 5,752,102 shares, compared to its average volume of 2,020,000. The stock has a market cap of $89,710.00 and a PE ratio of 17.17. Basf has a 12-month low of €78.97 ($94.01) and a 12-month high of €98.80 ($117.62).
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.
Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.