Basf Se (OTCMKTS:BASFY) Given Average Recommendation of “Reduce” by Analysts

Shares of Basf Se (OTCMKTS:BASFY) have received an average rating of “Reduce” from the seven analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company.

BASFY has been the topic of several analyst reports. DZ Bank lowered Basf from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Berenberg Bank downgraded shares of Basf from a “hold” rating to a “sell” rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft cut shares of Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Citigroup began coverage on shares of Basf in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, Zacks Research downgraded Basf from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th.

Basf Stock Down 1.1%

Shares of BASFY stock opened at $14.26 on Tuesday. Basf has a 52-week low of $10.75 and a 52-week high of $14.76. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01. The company’s 50 day moving average is $13.16 and its 200 day moving average is $12.91.

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.