Basf Se (BASFY) Lifted to Buy at Berenberg Bank
Berenberg Bank upgraded shares of Basf Se (OTCMKTS:BASFY) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, The Fly reports.
Several other brokerages also recently issued reports on BASFY. Zacks Investment Research downgraded shares of Basf from a buy rating to a hold rating in a report on Tuesday, September 26th. ValuEngine downgraded shares of Basf from a buy rating to a hold rating in a report on Wednesday, October 18th. Finally, Goldman Sachs Group Inc upgraded shares of Basf from a sell rating to a neutral rating in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $31.00.
Shares of Basf (BASFY) opened at $28.39 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.19 and a current ratio of 1.88. Basf has a 12 month low of $20.61 and a 12 month high of $105.42. The firm has a market capitalization of $100,630.86, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06.
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BASF SE is a chemical company. The Company operates through five segments, which include Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. The Performance Products segment consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health, and Performance Chemicals divisions.
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