Nord/LB set a €66.00 ($76.74) price target on Basf (ETR:BAS) in a report published on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
A number of other equities analysts have also recently commented on BAS. DZ Bank reissued a neutral rating on shares of Basf in a report on Thursday, January 9th. Warburg Research set a €67.70 ($78.72) price target on Basf and gave the stock a neutral rating in a report on Thursday, October 24th. Barclays set a €66.00 ($76.74) price objective on Basf and gave the stock a neutral rating in a research report on Tuesday, December 17th. Berenberg Bank set a €77.00 ($89.53) price objective on Basf and gave the stock a buy rating in a research report on Wednesday, January 15th. Finally, Baader Bank set a €77.00 ($89.53) price objective on Basf and gave the stock a buy rating in a research report on Monday, January 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of €66.25 ($77.03).
Basf stock opened at €63.69 ($74.06) on Tuesday. The company has a debt-to-equity ratio of 48.41, a quick ratio of 0.98 and a current ratio of 1.78. Basf has a 52 week low of €55.64 ($64.70) and a 52 week high of €74.61 ($86.76). The stock has a market capitalization of $58.50 billion and a P/E ratio of 6.43. The stock has a fifty day moving average of €66.73 and a 200-day moving average of €64.54.
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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