Goldman Sachs Group Analysts Give Basf (ETR:BAS) a €54.00 Price Target

Goldman Sachs Group set a €54.00 ($60.67) price objective on Basf (ETR:BAS) in a research report report published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

A number of other equities analysts have also recently commented on BAS. DZ Bank reissued a neutral rating on shares of Basf in a report on Monday, July 20th. Berenberg Bank set a €47.00 ($52.81) target price on Basf and gave the company a neutral rating in a report on Friday, June 5th. Deutsche Bank set a €65.00 ($73.03) price target on Basf and gave the company a buy rating in a research report on Tuesday, June 30th. Independent Research set a €52.00 ($58.43) price target on Basf and gave the company a neutral rating in a research report on Monday, July 13th. Finally, Barclays set a €51.00 ($57.30) price target on Basf and gave the company a neutral rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of €53.44 ($60.04).

Shares of Basf stock opened at €46.81 ($52.60) on Wednesday. The business has a 50 day simple moving average of €51.34 and a two-hundred day simple moving average of €51.61. Basf has a 12 month low of €37.36 ($41.97) and a 12 month high of €72.17 ($81.09). The stock has a market capitalization 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 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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