Analysts have been eager to weigh in on the Materials sector with new ratings on BASF SE (GB:0BFA – Research Report), Covestro (GB:0RBE – Research Report) and Vallourec (GB:0NR2 – Research Report).
BASF SE (GB:0BFA)
In a report released yesterday, Geoff Haire from UBS maintained a Sell rating on BASF SE, with a price target of EUR40.00. The company’s shares closed yesterday at EUR47.89.
According to TipRanks.com, Haire is ranked #6681 out of 24810 analysts.
Currently, the analyst consensus on BASF SE is a Hold with an average price target of EUR50.31, which is a 4.9% upside from current levels. In a report issued on July 28, Baader Bank also maintained a Sell rating on the stock with a EUR53.00 price target.
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Covestro (GB:0RBE)
Berenberg Bank analyst Sebastian Bray maintained a Hold rating on Covestro yesterday and set a price target of EUR50.00. The company’s shares closed yesterday at EUR47.17.
According to TipRanks.com, Bray is a 4-star analyst with an average return of
Covestro has an analyst consensus of Moderate Buy, with a price target consensus of EUR51.17, implying a 6.5% upside from current levels. In a report issued on August 1, J.P. Morgan also maintained a Hold rating on the stock with a EUR38.00 price target.
Vallourec (GB:0NR2)
Kepler Capital analyst Kevin Roger maintained a Buy rating on Vallourec on July 31 and set a price target of EUR23.00. The company’s shares closed yesterday at EUR11.78, close to its 52-week low of EUR11.21.
Roger has an average return of
According to TipRanks.com, Roger is ranked #898 out of 24810 analysts.
Currently, the analyst consensus on Vallourec is a Moderate Buy with an average price target of EUR19.50.
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