Nord/LB set a €45.00 ($50.56) target price on Basf (ETR:BAS) in a report issued on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
A number of other research analysts also recently issued reports on the company. Kepler Capital Markets set a €51.00 ($57.30) price target on Basf and gave the company a neutral rating in a report on Thursday, June 25th. Deutsche Bank set a €65.00 ($73.03) target price on Basf and gave the company a buy rating in a report on Tuesday, June 30th. Warburg Research set a €52.00 ($58.43) target price on Basf and gave the company a neutral rating in a report on Wednesday. Barclays set a €51.00 ($57.30) target price on Basf and gave the company a neutral rating in a report on Wednesday. Finally, UBS Group set a €53.00 ($59.55) target price on Basf and gave the company a neutral rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of €53.44 ($60.04).
Shares of ETR:BAS opened at €46.81 ($52.60) on Wednesday. The company has a market cap of $42.99 billion and a P/E ratio of 5.46. The company has a debt-to-equity ratio of 52.95, a current ratio of 1.62 and a quick ratio of 0.93. Basf has a 1 year low of €37.36 ($41.97) and a 1 year high of €72.17 ($81.09). The stock’s fifty day moving average price is €51.34 and its 200-day moving average price is €51.61.
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: Capital Gains Distribution
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.