Basf (ETR:BAS) Given a €85.00 Price Target by Deutsche Bank Analysts

Basf (ETR:BAS) has been given a €85.00 ($98.84) target price by equities research analysts at Deutsche Bank in a research report issued on Thursday, April 4th, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Deutsche Bank’s price target would suggest a potential upside of 16.73% from the company’s previous close.

BAS has been the subject of several other research reports. JPMorgan Chase & Co. set a €74.00 ($86.05) price objective on Basf and gave the company a “buy” rating in a research report on Thursday, January 10th. DZ Bank restated a “buy” rating on shares of Basf in a research report on Tuesday, December 11th. Independent Research set a €65.00 ($75.58) target price on Basf and gave the stock a “neutral” rating in a research report on Tuesday, December 11th. Barclays set a €75.00 ($87.21) target price on Basf and gave the stock a “neutral” rating in a research report on Monday, January 28th. Finally, Jefferies Financial Group set a €64.00 ($74.42) target price on Basf and gave the stock a “neutral” rating in a research report on Thursday, December 27th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Basf presently has a consensus rating of “Hold” and a consensus price target of €74.55 ($86.69).

BAS traded up €0.06 ($0.07) during trading on Thursday, hitting €72.82 ($84.67). The company’s stock had a trading volume of 1,975,429 shares, compared to its average volume of 2,920,000. The company has a debt-to-equity ratio of 59.37, a quick ratio of 0.65 and a current ratio of 1.85. Basf has a 12 month low of €57.35 ($66.69) and a 12 month high of €90.02 ($104.67). The company has a market cap of $66.88 billion and a price-to-earnings ratio of 14.25.

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.

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Analyst Recommendations for Basf (ETR:BAS)

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