Basf Se (OTCMKTS:BASFY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Basf Se (OTCMKTS:BASFY) have earned a consensus recommendation of “Reduce” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company.

BASFY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Berenberg Bank lowered Basf from a “hold” rating to a “sell” rating in a research report on Tuesday, October 14th. DZ Bank cut Basf from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Citigroup started coverage on Basf in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, Zacks Research downgraded shares of Basf from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th.

Basf Stock Performance

Shares of BASFY opened at $14.51 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $13.19 and a 200-day moving average price of $12.92. Basf has a 12-month low of $10.75 and a 12-month high of $14.76.

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.