Baader Bank set a €65.00 ($75.58) price objective on Basf (ETR:BAS) in a research report sent to investors on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
Other analysts have also issued reports about the stock. Berenberg Bank set a €72.00 ($83.72) price target on shares of Basf and gave the stock a buy rating in a research note on Thursday, February 28th. Credit Suisse Group set a €78.00 ($90.70) price target on shares of Basf and gave the stock a buy rating in a research note on Friday, March 15th. DZ Bank reiterated a buy rating on shares of Basf in a research note on Wednesday, March 27th. HSBC set a €78.00 ($90.70) price target on shares of Basf and gave the stock a buy rating in a research note on Thursday, March 21st. Finally, Deutsche Bank set a €85.00 ($98.84) price target on shares of Basf and gave the stock a buy rating in a research note on Thursday, April 4th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Basf has an average rating of Hold and an average target price of €75.30 ($87.56).
Shares of BAS stock opened at €62.75 ($72.97) on Friday. The business has a 50 day moving average of €61.72. Basf has a 52 week low of €57.35 ($66.69) and a 52 week high of €84.91 ($98.73). The company has a market capitalization of $58.32 billion and a price-to-earnings ratio of 13.04. The company has a debt-to-equity ratio of 57.58, a current ratio of 1.84 and a quick ratio of 0.76.
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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