Basf (ETR:BAS) has been assigned a €66.00 ($74.16) target price by equities research analysts at Jefferies Financial Group in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 33.81% from the company’s previous close.
Several other equities analysts have also issued reports on BAS. HSBC set a €51.00 ($57.30) target price on shares of Basf and gave the company a “buy” rating in a report on Tuesday, May 19th. Credit Suisse Group set a €53.00 ($59.55) price objective on shares of Basf and gave the stock a “neutral” rating in a report on Friday, May 1st. Baader Bank set a €55.00 ($61.80) price objective on shares of Basf and gave the stock a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Basf in a report on Tuesday, June 9th. Finally, Warburg Research set a €52.00 ($58.43) price objective on shares of Basf and gave the stock a “sell” rating in a report on Thursday, June 11th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Basf has a consensus rating of “Hold” and an average target price of €53.24 ($59.81).
Shares of Basf stock traded down €0.55 ($0.62) on Thursday, hitting €49.33 ($55.42). The company had a trading volume of 3,681,425 shares, compared to its average volume of 2,920,000. Basf has a 1 year low of €37.36 ($41.97) and a 1 year high of €72.17 ($81.09). The stock 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 capitalization of $45.30 billion and a price-to-earnings ratio of 5.75.
Basf Company Profile
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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