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A report released today by Baader Wertpapierhandelsbank about BASF (ETR:BAS) raises the target price to 55.00EUR

Yesterday BASF (ETR:BAS) traded 33.40% higher at 74.29EUR. The company’s 50-day moving average is 0.58EUR and its 200-day moving average is 1.67EUR. The last stock close price is up -50.45% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 15,104,708 shares of the stock were exchanged, up from an average trading volume of 2,474,860

BASF (ETR:BAS) had its target price raised to 55.00EUR by Baader Wertpapierhandelsbank in a report released 9/29/2016. The new target price indicates a possible downside of -0.26% based on the company's last stock close price.

Previously on 9/28/2016, Societe Generale reported about BASF (ETR:BAS) raised the target price from 0.00EUR to 82.00EUR. At the time, this indicated a possible upside of 0.12%.

See Chart Below

BASF (ETR:BAS)

BASF has a 52 week low of 0.37EUR and a 52 week high of 5.17EUR The company’s market cap is currently 0 EUR.

In addition to Baader Wertpapierhandelsbank reporting its stock price target, a total of 17 firms have reported on BASF. The 12-month price target is 2.30EUR with zero equity analysts rating the company a strong buy, 4 brokerages rating the company a buy, 14 brokers rating the stock a hold, two firms rating the stock a underperform, and finally zero brokers rating the stock a sell.

Brief Synopsis On BASF (ETR:BAS)

BASF SE is a chemical company. The Company operates through five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. Its portfolio ranges from solvents, plasticizers and high-volume monomers to glues and electronic chemicals, as well as raw materials for detergents, plastics, textile fibers, paints and coatings, crop protection and medicines. The Performance Products segment consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health, and Performance Chemicals divisions. The Functional Materials & Solutions segment consists of the Construction Chemicals, Coatings and Performance Materials divisions. The Agricultural Solutions segment consists of the Crop Protection division. The Oil & Gas segment is engaged in the Exploration and Production business sector.

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