Basf (OTCMKTS:BASFY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Basf (OTCMKTS:BASFY) from a sell rating to a hold rating in a research report released on Tuesday, MarketBeat reports.

Other analysts have also recently issued research reports about the stock. DZ Bank cut shares of Basf from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Zacks Research downgraded Basf from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft cut Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Basf Price Performance

BASFY opened at $14.33 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82. The company’s 50 day moving average is $13.55 and its 200-day moving average is $13.04. Basf has a 1-year low of $10.75 and a 1-year high of $15.60.

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.