Basf Se (OTCMKTS:BASFY) Receives $68.25 Average Price Target from Brokerages

Shares of Basf Se (OTCMKTS:BASFYGet Rating) have received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $68.25.

BASFY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, March 8th. HSBC raised Basf from a “hold” rating to a “buy” rating in a research report on Monday, March 28th. Stifel Nicolaus lowered Basf from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Oddo Bhf lowered Basf from an “outperform” rating to a “neutral” rating and set a €68.00 ($71.58) price objective for the company. in a research report on Thursday, March 31st. Finally, Berenberg Bank reduced their price objective on Basf from €72.00 ($75.79) to €62.00 ($65.26) in a research report on Tuesday, March 1st.

Shares of OTCMKTS:BASFY opened at $11.51 on Thursday. Basf has a 52-week low of $11.47 and a 52-week high of $20.55. The firm has a market capitalization of $42.27 billion, a P/E ratio of 5.61, a P/E/G ratio of 0.53 and a beta of 1.17. The stock has a 50 day moving average price of $13.24 and a 200-day moving average price of $15.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.70.

The firm also recently announced a dividend, which was paid on Monday, May 16th. Shareholders of record on Tuesday, May 3rd were paid a dividend of $0.6673 per share. The ex-dividend date was Monday, May 2nd. This represents a yield of 4.91%. Basf’s dividend payout ratio is 40.00%.

About Basf (Get Rating)

BASF SE operates as a chemical company worldwide. The company 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 (OTCMKTS:BASFY)

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