Deutsche Bank analyst Virginie Boucher-Ferte maintained a Buy rating on BASF SE today and set a price target of €51.00. The company’s shares closed last Friday at €43.15.
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Boucher-Ferte covers the Basic Materials sector, focusing on stocks such as Arkema, BASF SE, and Evonik. According to TipRanks, Boucher-Ferte has an average return of 1.4% and a 52.16% success rate on recommended stocks.
BASF SE has an analyst consensus of Moderate Buy, with a price target consensus of €48.79, implying a 13.07% upside from current levels. In a report released today, Bernstein also maintained a Buy rating on the stock with a €51.00 price target.
Based on BASF SE’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €15.77 billion and a net profit of €79 million. In comparison, last year the company earned a revenue of €16.11 billion and had a net profit of €430 million
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