Basf (ETR:BAS) has been given a €68.00 ($79.07) target price by Sanford C. Bernstein in a research note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Sanford C. Bernstein’s target price points to a potential upside of 14.29% from the stock’s current price.

A number of other analysts also recently weighed in on BAS. Deutsche Bank restated a “buy” rating and issued a GBX 3,400 ($44.43) target price on shares of in a report on Tuesday. Warburg Research set a €71.00 ($82.56) target price on shares of Basf and gave the stock a “neutral” rating in a report on Monday, April 1st. Goldman Sachs Group upgraded shares of DUFRY AG/ADR to a “hold” rating in a report on Friday, July 5th. JPMorgan Chase & Co. boosted their target price on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a “neutral” rating in a report on Friday, July 5th. Finally, Berenberg Bank boosted their target price on shares of Endeavour Mining from C$22.55 to C$24.35 in a report on Tuesday, July 2nd. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of €72.40 ($84.19).

BAS stock traded down €0.62 ($0.72) during mid-day trading on Tuesday, hitting €59.50 ($69.19). The company had a trading volume of 2,806,825 shares, compared to its average volume of 2,920,000. The company has a market capitalization of $54.69 billion and a P/E ratio of 12.36. Basf has a 12-month low of €57.35 ($66.69) and a 12-month high of €84.91 ($98.73). The company has a quick ratio of 0.76, a current ratio of 1.84 and a debt-to-equity ratio of 57.58. The firm’s 50-day moving average price is €61.51.

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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