JPMorgan Chase & Co. set a €48.00 ($52.17) target price on Basf Se (ETR:BAS) in a research note released on Thursday morning, MarketBeat reports. The brokerage currently has a a sell rating on the stock.

Basf Se (ETR:BAS) opened at 60.370 on Thursday. Basf Se has a one year low of €59.05 and a one year high of €97.20. The stock’s 50 day moving average is €66.12 and its 200 day moving average is €71.93.

Other research analysts have also recently issued reports about the stock. Citigroup Inc. set a €96.00 ($104.35) price objective on shares of Basf Se and gave the company a buy rating in a report on Tuesday, October 6th. Sanford C. Bernstein set a €97.00 ($105.43) price objective on shares of Basf Se and gave the company a buy rating in a report on Monday, October 5th. HSBC set a €90.00 ($97.83) price objective on shares of Basf Se and gave the company a buy rating in a report on Wednesday, October 14th. Deutsche Bank set a €92.00 ($100.00) price objective on shares of Basf Se and gave the company a buy rating in a report on Monday, October 5th. Finally, BNP Paribas set a €89.00 ($96.74) price target on shares of Basf Se and gave the stock a buy rating in a report on Thursday, October 1st. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Basf Se currently has an average rating of Hold and an average target price of €71.88 ($78.13).

Basf SE is a Germany-based chemical company. The Company operates in five segments: Chemicals, which consists of basic chemicals and intermediates; Performance Products, which lends stability, color or application properties to many everyday products; Functional Materials & Solutions, which bundle system solutions, services and products for specific sectors and customers; Agricultural Solutions, which provides solutions in the areas of chemical and biological crop protection, seed treatment and water management as well as solutions for nutrient supply and plant stress, and Oil & Gas, which focuses its exploration and production on oil and gas rich regions in Europe, North Africa, Russia, South America and the Middle East.

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