Basf (OTCMKTS:BASFY) Upgraded by Berenberg Bank to Hold Rating

Basf (OTCMKTS:BASFY) was upgraded by investment analysts at Berenberg Bank from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other analysts also recently issued reports on BASFY. Deutsche Bank Aktiengesellschaft downgraded shares of Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. DZ Bank lowered Basf from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Zacks Research cut Basf from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Basf Stock Performance

BASFY opened at $15.16 on Tuesday. The stock has a fifty day moving average of $13.44 and a 200-day moving average of $13.00. Basf has a fifty-two week low of $10.75 and a fifty-two week high of $15.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01.

About Basf

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.