In a report released today, Sebastian Bray from Berenberg Bank downgraded BASF SE to a Sell, with a price target of €37.00. The company’s shares closed yesterday at €42.71.
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Bray covers the Basic Materials sector, focusing on stocks such as BASF SE, Evonik, and Wacker Chemie AG. According to TipRanks, Bray has an average return of -1.4% and a 48.85% success rate on recommended stocks.
In addition to Berenberg Bank, BASF SE also received a Sell from J.P. Morgan’s Chetan Udeshi in a report issued on October 1. However, yesterday, DZ BANK AG maintained a Buy rating on BASF SE (LSE: 0BFA).
0BFA market cap is currently €37.66B and has a P/E ratio of 99.27.
Read More on GB:0BFA:
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- BASF price target raised to EUR 51 from EUR 50 at Deutsche Bank
- Fifth Third buying Comerica, AMD gets OpenAI boost: Morning Buzz
- Carlyle close to EUR 7B deal to buy BASF unit, FT reports
- BASF price target lowered to EUR 50 from EUR 52 at Deutsche Bank
- BASF downgraded to Underperform from Neutral at BofA
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