Latest News


Keyword Search

RegionB

North / South America

BASF SE Rating Lowered to Sell at Goldman Sachs Group Inc. (BASFY)

Aug, 06 2013


BASF SE logo

BASF SE (NASDAQ:BASFY) was downgraded by Goldman Sachs Group Inc. from a “buy” rating to a “sell” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC upgraded shares of BASF SE from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, July 1st. Separately, analysts at JPMorgan Cazenove initiated coverage on shares of BASF SE in a research note to investors on Thursday, June 27th. They set an “underperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of BASF SE from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday, June 27th.

Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold”.

BASF SE (NASDAQ:BASFY) traded down 3.27% on Monday, hitting $87.55. BASF SE has a 1-year low of $71.94 and a 1-year high of $104.10. The stock’s 50-day moving average is currently $91.46. The company has a market cap of $80.413 billion and a price-to-earnings ratio of 14.06.

BASF SE is a Germany-based chemical company. It diversifies its activities into six business segments: Chemicals, providing basic products and specialties including nitric acid and methanol, basic chemicals including ethylene and butadiene and intermediates, among others; Plastics, providing engineering plastics, polyamides and polyurethane solutions, among others; Performance Products, providing products for the coatings and paints industry, cosmetics, detergents and cleaners industry, vitamins and enzymes, products for the paper industry and performance chemicals, among others; Functional Solutions, which develops coating products, catalysts and concrete admixtures, among others; Agricultural Solutions, providing active ingredients and formulations for the improvement of crop health and yields, and Oil & Gas business segment, which is bundled in the Wintershall Group, is engaged in the exploration and production of crude oil and natural gas and trading.

Source

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


13 new jobs posted on aggregateRESEARCH.com

Latest job updates for the last week More

UltraTech’s annual profit down

India: UltraTech Cement, part of the Aditya Birla Group, has announced that its net profit declined year-on-year by 19% to US$351m in 2013-2014. This marks the company's first fall in profit for five years and was attributed to rising input costs and sluggish sales. More

Advertise Here