Berenberg Bank set a €79.00 ($91.86) price target on Basf (ETR:BAS) in a report released on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.
Several other brokerages also recently issued reports on BAS. JPMorgan Chase & Co. set a €78.00 ($90.70) price objective on shares of Basf and gave the stock a buy rating in a research report on Tuesday, April 23rd. Baader Bank set a €65.00 ($75.58) price objective on shares of Basf and gave the stock a neutral rating in a research report on Friday, May 3rd. Sanford C. Bernstein set a €66.00 ($76.74) price objective on shares of Basf and gave the stock a neutral rating in a research report on Friday, May 3rd. Independent Research set a €74.00 ($86.05) price objective on shares of Basf and gave the stock a neutral rating in a research report on Friday, May 3rd. Finally, Credit Suisse Group set a €78.00 ($90.70) target price on shares of Basf and gave the company a buy rating in a report on Friday, May 3rd. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Basf presently has a consensus rating of Hold and an average target price of €75.85 ($88.20).
Shares of Basf stock opened at €61.28 ($71.26) on Friday. Basf has a 1 year low of €57.35 ($66.69) and a 1 year high of €88.90 ($103.37). The company has a current ratio of 1.84, a quick ratio of 0.76 and a debt-to-equity ratio of 57.58. The firm has a market cap of $56.28 billion and a price-to-earnings ratio of 12.73.
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.
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