Shares of Basf Se (OTCMKTS:BASFY) have been given an average rating of “Buy” by the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $47.57.
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. set a $20.29 target price on shares of Basf and gave the stock a “neutral” rating in a research note on Monday, July 12th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Basf in a research note on Thursday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Basf in a research note on Tuesday, July 13th. Zacks Investment Research raised shares of Basf from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, October 6th. Finally, Berenberg Bank reissued a “hold” rating and set a €72.00 ($84.71) price target (down previously from €74.00 ($87.06)) on shares of Basf in a research report on Friday, July 30th.
Shares of OTCMKTS BASFY traded up $0.21 during mid-day trading on Friday, reaching $18.89. The company’s stock had a trading volume of 96,363 shares, compared to its average volume of 177,678. The stock has a 50-day moving average of $19.18 and a two-hundred day moving average of $20.02. The stock has a market capitalization of $69.40 billion, a P/E ratio of 24.53, a P/E/G ratio of 0.70 and a beta of 1.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.70. Basf has a 1-year low of $13.38 and a 1-year high of $21.77.
Basf Company Profile
BASF SE engages in the provision of chemical products. It operates through the following segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, Agricultural Solutions, and Other. The Chemicals segment supplies petrochemicals and intermediates. The Materials segment includes isocyanates and polyamides as well as inorganic basic products and specialties for the plastics and plastics processing industries.
Further Reading: Cost of Goods Sold (COGS)
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