Basf (ETR:BAS) has been given a €64.00 ($74.42) target price by research analysts at UBS Group in a research report issued on Monday, April 1st, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price target would suggest a potential downside of 12.53% from the stock’s previous close.
A number of other brokerages have also weighed in on BAS. Warburg Research set a €71.00 ($82.56) price objective on Basf and gave the stock a “neutral” rating in a research report on Monday, April 1st. JPMorgan Chase & Co. set a €74.00 ($86.05) price objective on Basf and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Jefferies Financial Group set a €64.00 ($74.42) price objective on Basf and gave the stock a “neutral” rating in a research report on Wednesday, February 27th. Kepler Capital Markets set a €60.00 ($69.77) price objective on Basf and gave the stock a “neutral” rating in a research report on Tuesday, February 26th. Finally, Sanford C. Bernstein set a €84.00 ($97.67) price target on Basf and gave the company a “neutral” rating in a research report on Monday, December 10th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Basf presently has a consensus rating of “Hold” and a consensus target price of €74.55 ($86.69).
Shares of ETR BAS traded down €1.32 ($1.53) during trading hours on Monday, reaching €73.17 ($85.08). 3,518,084 shares of the stock traded hands, compared to its average volume of 2,920,000. The company has a current ratio of 1.85, a quick ratio of 0.65 and a debt-to-equity ratio of 59.37. Basf has a 52-week low of €57.35 ($66.69) and a 52-week high of €90.02 ($104.67). The stock has a market cap of $67.21 billion and a price-to-earnings ratio of 14.32.
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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