Basf (ETR:BAS) PT Set at €66.00 by Goldman Sachs Group

Goldman Sachs Group set a €66.00 ($76.74) target price on Basf (ETR:BAS) in a research report sent to investors on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.

BAS has been the topic of a number of other research reports. Jefferies Financial Group set a €62.00 ($72.09) target price on Basf and gave the company a neutral rating in a research report on Tuesday, July 9th. Morgan Stanley set a €67.00 ($77.91) price objective on Basf and gave the company a neutral rating in a report on Monday, July 15th. Independent Research set a €65.00 ($75.58) price objective on Basf and gave the company a neutral rating in a report on Friday, July 26th. Baader Bank set a €59.00 ($68.60) price objective on Basf and gave the company a neutral rating in a report on Thursday, July 25th. Finally, Kepler Capital Markets set a €60.00 ($69.77) price objective on Basf and gave the company a neutral rating in a report on Friday, June 28th. Sixteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of €68.26 ($79.37).

Shares of ETR:BAS opened at €58.39 ($67.90) on Monday. Basf has a 1 year low of €57.35 ($66.69) and a 1 year high of €82.99 ($96.50). The stock has a market cap of $55.75 billion and a price-to-earnings ratio of 5.72. The company has a quick ratio of 0.98, a current ratio of 1.69 and a debt-to-equity ratio of 51.50. The company’s 50 day simple moving average is €61.78.

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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