BASF (ETR:BAS) has been upgraded to Buy in a statement by Citigroup Corp. earlier today.
- Updated: September 26, 2016
Citigroup Corp. has upgraded BASF (ETR:BAS) to Buy in a statement released on 09/26/2016.
On Monday September 19, 2016, Citigroup Corp. released a statement about BASF (ETR:BAS) upped the target price from 0.00EUR to 90.00EUR that suggested an upside of 0.28%.
Having a price of 72.29EUR, BASF (ETR:BAS) traded 4.51% higher on the day. With the last stock price up -69.43% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. BAS has recorded a 50-day average of 0.59EUR and a two hundred day average of 1.73EUR. Trade Volume was up over the average, with 2,770,002 shares of BAS changing hands over the typical 2,293,820
With a total market value of 0 EUR, BASF has 52 week low of 0.37EUR and a 52 week high of 5.17EUR .
Also covering BASF's stock price target, a total of 17 brokers have issued a ratings update on the company. The consensus target price is 2.30EUR with zero analysts rating the company a strong buy, four brokerages rating the company a buy, 14 firms rating the stock a hold, 2 brokers rating the company a underperform, and lastly zero firms rating the stock a sell.
About 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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