BASF SE (0BFA) Receives a Sell from J.P. Morgan
J.P. Morgan analyst Chetan Udeshi maintained a Sell rating on BASF SE yesterday. The company’s shares closed last Tuesday at €46.15.
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According to TipRanks, Udeshi is an analyst with an average return of -1.5% and a 52.83% success rate. Udeshi covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, LANXESS, and Evonik.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BASF SE with a €50.54 average price target, implying a 9.51% upside from current levels. In a report released on February 27, Barclays also maintained a Sell rating on the stock with a €40.00 price target.
0BFA market cap is currently €40.55B and has a P/E ratio of 25.02.
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