Sanford C. Bernstein set a €66.00 ($76.74) price target on Basf (ETR:BAS) in a report published on Friday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
Other analysts have also issued research reports about the company. Nord/LB set a €71.00 ($82.56) price target on Basf and gave the stock a buy rating in a research note on Thursday, January 24th. Berenberg Bank set a €70.00 ($81.40) price target on Basf and gave the stock a buy rating in a research note on Monday, January 21st. JPMorgan Chase & Co. set a €74.00 ($86.05) price target on Basf and gave the stock a buy rating in a research note on Thursday, January 10th. Credit Suisse Group set a €78.00 ($90.70) price target on Basf and gave the stock a buy rating in a research note on Tuesday, February 5th. Finally, Deutsche Bank set a €85.00 ($98.84) price target on Basf and gave the stock a buy rating in a research note on Wednesday, February 27th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of €75.25 ($87.50).
Shares of BAS stock opened at €68.71 ($79.90) on Friday. Basf has a 52 week low of €57.35 ($66.69) and a 52 week high of €90.02 ($104.67). The firm has a market capitalization of $63.38 billion and a P/E ratio of 13.45. The company has a quick ratio of 0.65, a current ratio of 1.85 and a debt-to-equity ratio of 59.37.
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.
Read More: Buyback
Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.