Basf (ETR:BAS) has been assigned a €77.00 ($89.53) price objective by Morgan Stanley in a research note issued on Friday, June 28th, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Morgan Stanley’s target price points to a potential upside of 26.64% from the company’s current price.
BAS has been the subject of a number of other research reports. DZ Bank cut from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Jefferies Financial Group lifted their price target on KeyCorp from $20.00 to $18.50 and gave the stock a “buy” rating in a research report on Monday, May 6th. UBS Group set a $13.00 price target on Freeport-McMoRan and gave the company a “hold” rating in a research note on Wednesday, June 26th. Warburg Research set a €71.00 ($82.56) price objective on Basf and gave the company a “neutral” rating in a report on Monday, April 1st. Finally, Baader Bank set a €65.00 ($75.58) price objective on Basf and gave the stock a “neutral” rating in a report on Friday, June 28th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Basf currently has an average rating of “Hold” and an average price target of €71.17 ($82.75).
Shares of ETR:BAS traded up €0.37 ($0.43) on Friday, reaching €60.80 ($70.70). The company had a trading volume of 2,588,639 shares, compared to its average volume of 2,920,000. Basf has a 52-week low of €57.35 ($66.69) and a 52-week high of €84.91 ($98.73). The business has a 50 day moving average of €61.51. The firm has a market capitalization of $55.84 billion and a price-to-earnings ratio of 12.63. The company has a quick ratio of 0.76, a current ratio of 1.84 and a debt-to-equity ratio of 57.58.
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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