Credit Suisse Group set a €50.00 ($56.18) price objective on Basf (ETR:BAS) in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
Other analysts have also issued research reports about the stock. Baader Bank set a €63.00 ($70.79) price objective on shares of Basf and gave the stock a buy rating in a research report on Wednesday. Berenberg Bank set a €49.00 ($55.06) price objective on shares of Basf and gave the stock a neutral rating in a research report on Thursday. Kepler Capital Markets set a €51.00 ($57.30) target price on shares of Basf and gave the stock a neutral rating in a report on Thursday, June 25th. Nord/LB set a €45.00 ($50.56) target price on shares of Basf and gave the stock a neutral rating in a report on Wednesday. Finally, Deutsche Bank set a €65.00 ($73.03) target price on shares of Basf and gave the stock a buy rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of €53.44 ($60.04).
Shares of BAS stock opened at €46.81 ($52.60) on Thursday. The company’s fifty day simple moving average is €51.34 and its 200-day simple moving average is €51.61. The company has a quick ratio of 0.93, a current ratio of 1.62 and a debt-to-equity ratio of 52.95. The firm has a market cap of $42.99 billion and a PE ratio of 5.46. Basf has a 12 month low of €37.36 ($41.97) and a 12 month high of €72.17 ($81.09).
Basf Company Profile
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.
Featured Article: How prevalent are 12b-1 fees?
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.