Goldman Sachs Group Reiterates €66.00 Price Target for Basf (ETR:BAS)

Goldman Sachs Group set a €66.00 ($76.74) price objective on Basf (ETR:BAS) in a research report report published on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the stock. HSBC set a €61.00 ($70.93) target price on shares of Basf and gave the company a neutral rating in a report on Wednesday, July 31st. DZ Bank reaffirmed a neutral rating on shares of Basf in a report on Friday, July 26th. Credit Suisse Group set a €67.00 ($77.91) target price on shares of Basf and gave the company a buy rating in a report on Friday, July 26th. Kepler Capital Markets set a €60.00 ($69.77) target price on shares of Basf and gave the company a neutral rating in a report on Friday, June 28th. Finally, Warburg Research set a €63.50 ($73.84) target price on shares of Basf and gave the company a neutral rating in a report on Thursday, July 25th. Sixteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of €68.45 ($79.60).

Shares of BAS stock opened at €56.85 ($66.10) on Tuesday. Basf has a 12 month low of €55.64 ($64.70) and a 12 month high of €81.77 ($95.08). The stock has a market cap of $52.22 billion and a P/E ratio of 5.57. The company has a current ratio of 1.69, a quick ratio of 0.98 and a debt-to-equity ratio of 51.50. The company has a 50 day simple moving average of €60.54 and a two-hundred day simple moving average of €64.53.

About Basf

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: What is an SEC Filing?

Analyst Recommendations for Basf (ETR:BAS)

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.