Goldman Sachs Group Reaffirms Neutral Rating for Basf (ETR:BAS)

Goldman Sachs Group reiterated their neutral rating on shares of Basf (ETR:BAS) in a report released on Monday morning, Borsen Zeitung reports.

Other equities analysts also recently issued reports about the stock. DZ Bank reiterated a neutral rating on shares of Basf in a report on Friday, July 26th. Baader Bank set a €59.00 ($68.60) price target on shares of Basf and gave the company a neutral rating in a research note on Thursday, July 25th. Berenberg Bank set a €68.00 ($79.07) price target on shares of Basf and gave the company a buy rating in a research note on Tuesday, August 20th. UBS Group set a €59.00 ($68.60) price target on shares of Basf and gave the company a neutral rating in a research note on Monday, September 2nd. Finally, Sanford C. Bernstein set a €56.00 ($65.12) price target on shares of Basf and gave the company a neutral rating in a research note on Wednesday, August 14th. Sixteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of €68.22 ($79.33).

ETR:BAS opened at €64.02 ($74.44) on Monday. Basf has a one year low of €55.64 ($64.70) and a one year high of €81.77 ($95.08). The company has a market cap of $58.80 billion and a P/E ratio of 6.27. The firm’s fifty day moving average price is €59.86 and its two-hundred day moving average price is €63.97. The company has a debt-to-equity ratio of 51.50, a current ratio of 1.69 and a quick ratio of 0.98.

About Basf

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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Analyst Recommendations for Basf (ETR:BAS)

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