Basf (ETR:BAS) has been assigned a €64.00 ($74.42) target price by research analysts at Goldman Sachs Group in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the basic materials company’s stock. Goldman Sachs Group’s price objective would indicate a potential downside of 0.25% from the stock’s current price.
Several other brokerages have also weighed in on BAS. Berenberg Bank set a €77.00 ($89.53) price objective on shares of Basf and gave the company a “buy” rating in a report on Wednesday, January 15th. Nord/LB set a €66.00 ($76.74) price objective on shares of Basf and gave the company a “neutral” rating in a report on Tuesday. Jefferies Financial Group set a €60.00 ($69.77) price objective on shares of Basf and gave the company a “neutral” rating in a report on Wednesday, January 8th. Barclays set a €66.00 ($76.74) price objective on shares of Basf and gave the company a “neutral” rating in a report on Tuesday, December 17th. Finally, Deutsche Bank set a €77.00 ($89.53) price objective on shares of Basf and gave the company a “buy” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. Basf presently has a consensus rating of “Hold” and an average target price of €66.25 ($77.03).
ETR BAS traded down €0.54 ($0.63) during trading hours on Wednesday, hitting €64.16 ($74.60). The company’s stock had a trading volume of 2,224,051 shares, compared to its average volume of 2,920,000. The stock has a fifty day moving average of €66.98 and a 200 day moving average of €64.55. Basf has a twelve month low of €55.64 ($64.70) and a twelve month high of €74.61 ($86.76). The firm has a market capitalization of $59.03 billion and a P/E ratio of 6.48. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 48.41.
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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