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.

TRADEMARK VIOLATION NOTICE: “Basf Se (BASFY) Lifted to Buy at Berenberg Bank” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at

About Basf

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.

The Fly

Analyst Recommendations for Basf (OTCMKTS:BASFY)

Receive News & Ratings for Basf Se Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf Se and related companies with Analyst Ratings Network's FREE daily email newsletter.