Basf (ETR:BAS) PT Set at €65.00 by Deutsche Bank

Basf (ETR:BAS) received a €65.00 ($73.03) target price from research analysts at Deutsche Bank in a note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the basic materials company’s stock. Deutsche Bank’s price objective would indicate a potential upside of 31.78% from the stock’s previous close.

A number of other analysts have also recently issued reports on BAS. UBS Group set a €47.00 ($52.81) target price on shares of Basf and gave the stock a “neutral” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Basf in a research note on Tuesday, June 9th. Warburg Research set a €52.00 ($58.43) price objective on shares of Basf and gave the stock a “sell” rating in a research note on Thursday, June 11th. Jefferies Financial Group set a €66.00 ($74.16) price objective on shares of Basf and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Baader Bank set a €55.00 ($61.80) price objective on shares of Basf and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Basf currently has an average rating of “Hold” and an average price target of €53.00 ($59.55).

ETR BAS opened at €49.33 ($55.42) on Tuesday. The firm has a 50-day moving average of €49.74 and a 200-day moving average of €53.83. The company has a debt-to-equity ratio of 52.95, a quick ratio of 0.93 and a current ratio of 1.62. The stock has a market cap of $45.81 billion and a PE ratio of 5.82. Basf has a 52-week low of €37.36 ($41.97) and a 52-week high of €72.17 ($81.09).

About Basf

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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Analyst Recommendations for Basf (ETR:BAS)

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