Sanford C. Bernstein set a €52.00 ($60.47) price objective on Basf (ETR:BAS) in a research note released on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.
Other research analysts also recently issued reports about the company. Jefferies Financial Group reiterated a buy rating and issued a $30.00 price target on shares of Amarin in a report on Tuesday, July 9th. Berenberg Bank set a €54.50 ($63.37) price target on Vonovia and gave the company a buy rating in a report on Wednesday, July 10th. Baader Bank set a €112.00 ($130.23) price target on Bechtle and gave the company a neutral rating in a report on Tuesday, July 9th. Independent Research set a €36.00 ($41.86) price target on Fuchs Petrolub and gave the company a neutral rating in a report on Wednesday, July 10th. Finally, UBS Group began coverage on Chewy in a report on Tuesday, July 9th. They issued a buy rating and a $42.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of €71.17 ($82.75).
Shares of ETR:BAS opened at €60.80 ($70.70) on Thursday. Basf has a 12-month low of €57.35 ($66.69) and a 12-month high of €84.91 ($98.73). The firm has a fifty day moving average of €61.51. The stock has a market cap of $55.84 billion and a P/E ratio of 12.63. 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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