Bank of America Analysts Give Basf (ETR:BAS) a €55.00 Price Target
Bank of America set a €55.00 ($63.95) price objective on Basf (ETR:BAS) in a research report report published on Friday, Borsen Zeitung reports. The brokerage currently has a sell rating on the basic materials company’s stock.
A number of other research firms also recently weighed in on BAS. Goldman Sachs Group reissued a neutral rating on shares of Basf in a research report on Monday, September 16th. Berenberg Bank set a €68.00 ($79.07) target price on Basf and gave the stock a buy rating in a research report on Tuesday, August 20th. Jefferies Financial Group set a €60.00 ($69.77) target price on Basf and gave the stock a neutral rating in a research report on Monday, August 19th. Independent Research set a €62.00 ($72.09) target price on Basf and gave the stock a neutral rating in a research report on Wednesday, September 4th. Finally, UBS Group set a €59.00 ($68.60) target price on Basf and gave the stock a neutral rating in a research report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of €67.62 ($78.63).
BAS stock opened at €63.89 ($74.29) on Friday. Basf has a twelve month low of €55.64 ($64.70) and a twelve month high of €81.77 ($95.08). The company has a market cap of $58.68 billion and a PE ratio of 6.25. The business’s 50-day simple moving average is €59.92 and its 200 day simple moving average is €63.95. The company has a quick ratio of 0.98, a current ratio of 1.69 and a debt-to-equity ratio of 51.50.
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.
Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.