Basf (ETR:BAS) PT Set at €77.00 by Deutsche Bank

Deutsche Bank set a €77.00 ($89.53) target price on Basf (ETR:BAS) in a report published on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. set a €65.00 ($75.58) price target on shares of Basf and gave the stock a neutral rating in a research note on Thursday, December 12th. Jefferies Financial Group set a €60.00 ($69.77) price target on shares of Basf and gave the stock a neutral rating in a research note on Wednesday, January 8th. Credit Suisse Group set a €66.50 ($77.33) price target on shares of Basf and gave the stock a neutral rating in a research note on Wednesday, January 8th. Nord/LB set a €66.00 ($76.74) price target on shares of Basf and gave the stock a neutral rating in a research note on Tuesday, January 21st. Finally, Kepler Capital Markets set a €61.00 ($70.93) price target on shares of Basf and gave the stock a neutral rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company’s stock. Basf presently has a consensus rating of Hold and a consensus target price of €65.31 ($75.94).

Basf stock traded down €0.17 ($0.20) during midday trading on Thursday, hitting €62.51 ($72.69). 2,280,813 shares of the stock were exchanged, compared to its average volume of 2,920,000. Basf has a 1 year low of €55.64 ($64.70) and a 1 year high of €74.61 ($86.76). The firm has a market cap of $57.41 billion and a P/E ratio of 6.31. The company has a debt-to-equity ratio of 48.41, a current ratio of 1.78 and a quick ratio of 0.98. The company has a 50 day moving average price of €64.65 and a two-hundred day moving average price of €64.65.

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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