UBS Group Analysts Give Basf (ETR:BAS) a €51.00 Price Target

UBS Group set a €51.00 ($57.30) price target on Basf (ETR:BAS) in a research note released on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.

A number of other equities research analysts have also issued reports on the stock. HSBC set a €51.00 ($57.30) target price on shares of Basf and gave the company a buy rating in a research note on Tuesday, May 19th. Goldman Sachs Group set a €54.00 ($60.67) target price on shares of Basf and gave the stock a neutral rating in a report on Wednesday. Deutsche Bank set a €65.00 ($73.03) price target on shares of Basf and gave the company a buy rating in a research report on Tuesday, June 30th. Sanford C. Bernstein set a €56.00 ($62.92) target price on shares of Basf and gave the stock a neutral rating in a research report on Wednesday. Finally, Baader Bank set a €63.00 ($70.79) price target on shares of Basf and gave the stock a buy rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of €53.44 ($60.04).

Shares of ETR BAS opened at €46.81 ($52.60) on Thursday. The firm has a fifty day moving average of €51.34 and a 200-day moving average of €51.61. The company has a quick ratio of 0.93, a current ratio of 1.62 and a debt-to-equity ratio of 52.95. Basf has a 52-week low of €37.36 ($41.97) and a 52-week high of €72.17 ($81.09). The stock has a market capitalization of $42.99 billion and a PE ratio of 5.46.

Basf Company Profile

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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