Basf (BAS) Given a €68.00 Price Target at Sanford C. Bernstein

Sanford C. Bernstein set a €68.00 ($79.07) target price on Basf (ETR:BAS) in a research note released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Other equities analysts also recently issued research reports about the company. Credit Suisse Group set a €78.00 ($90.70) price target on Basf and gave the stock a buy rating in a research report on Tuesday, February 26th. Nord/LB set a €76.00 ($88.37) price target on Basf and gave the stock a buy rating in a research report on Tuesday, February 26th. JPMorgan Chase & Co. set a €74.00 ($86.05) price objective on Basf and gave the stock a buy rating in a report on Tuesday, February 26th. Deutsche Bank set a €85.00 ($98.84) price objective on Basf and gave the stock a buy rating in a report on Wednesday, February 27th. Finally, Berenberg Bank set a €72.00 ($83.72) price objective on Basf and gave the stock a buy rating in a report on Thursday, February 28th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Basf has a consensus rating of Hold and a consensus price target of €75.70 ($88.02).

Shares of ETR BAS opened at €61.07 ($71.01) on Thursday. The company has a market cap of $55.62 billion and a price-to-earnings ratio of 12.69. The company has a debt-to-equity ratio of 57.58, a quick ratio of 0.76 and a current ratio of 1.84. Basf has a twelve month low of €57.35 ($66.69) and a twelve month high of €90.02 ($104.67).

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.

Further Reading: Earnings Per Share (EPS) Explained

Analyst Recommendations for Basf (ETR:BAS)

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