Warburg Research set a €52.00 ($58.43) target price on Basf (ETR:BAS) in a report released on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.
BAS has been the subject of several other research reports. Kepler Capital Markets set a €51.00 ($57.30) target price on shares of Basf and gave the stock a neutral rating in a research report on Thursday, June 25th. DZ Bank reiterated a neutral rating on shares of Basf in a report on Monday, July 20th. Barclays set a €51.00 ($57.30) price objective on shares of Basf and gave the company a neutral rating in a report on Thursday, May 14th. Jefferies Financial Group set a €66.00 ($74.16) price objective on shares of Basf and gave the company a buy rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. set a €45.00 ($50.56) price objective on shares of Basf and gave the company a neutral rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Basf currently has a consensus rating of Hold and a consensus price target of €53.44 ($60.04).
ETR BAS opened at €46.81 ($52.60) on Wednesday. Basf has a 52 week low of €37.36 ($41.97) and a 52 week high of €72.17 ($81.09). The company has a current ratio of 1.62, a quick ratio of 0.93 and a debt-to-equity ratio of 52.95. The stock has a market cap of $42.99 billion and a price-to-earnings ratio of 5.46. The company has a 50-day moving average price of €51.34 and a two-hundred day moving average price of €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.
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