Sanford C. Bernstein set a €68.00 ($79.07) target price on Basf (ETR:BAS) in a research report released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
Other research analysts have also issued reports about the stock. Baader Bank set a €65.00 ($75.58) price objective on shares of Basf and gave the company a neutral rating in a research note on Wednesday, April 3rd. Deutsche Bank set a €85.00 ($98.84) price objective on shares of Basf and gave the company a buy rating in a research note on Thursday, April 4th. Kepler Capital Markets set a €60.00 ($69.77) price objective on shares of Basf and gave the company a neutral rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. set a €78.00 ($90.70) price objective on shares of Basf and gave the company a buy rating in a research note on Friday, May 3rd. Finally, Credit Suisse Group set a €78.00 ($90.70) price objective on shares of Basf and gave the company a buy rating in a research note on Friday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of €75.70 ($88.02).
Basf stock opened at €63.56 ($73.91) on Wednesday. Basf has a 1-year low of €57.35 ($66.69) and a 1-year high of €90.02 ($104.67). The firm has a market capitalization of $58.38 billion and a price-to-earnings ratio of 13.21. 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 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 Story: What is a Stop Order?
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.