In a report released today, Peter Spengler from DZ BANK AG maintained a Buy rating on BASF SE. The company’s shares closed last Friday at €43.15.
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According to TipRanks, Spengler is a 4-star analyst with an average return of 4.8% and a 63.03% success rate. Spengler covers the Basic Materials sector, focusing on stocks such as BASF SE, Wacker Chemie AG, and Brenntag AG.
In addition to DZ BANK AG, BASF SE also received a Buy from Bernstein’s James Hooper in a report issued today. However, on the same day, Warburg Research maintained a Hold rating on BASF SE (LSE: 0BFA).
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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