Bank of America Analysts Give Basf (ETR:BAS) a €55.00 Price Target

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Bank of America set a €55.00 ($63.95) price objective on Basf (ETR:BAS) in a research report released on Friday, September 20th, Borsen Zeitung reports. The brokerage currently has a sell rating on the basic materials company’s stock.

A number of other brokerages also recently issued reports on BAS. UBS Group set a €59.00 ($68.60) price target on Basf and gave the stock a neutral rating in a research report on Monday, September 2nd. Kepler Capital Markets set a €60.00 ($69.77) target price on Basf and gave the company a neutral rating in a research report on Friday, June 28th. JPMorgan Chase & Co. restated a neutral rating on shares of Basf in a research report on Friday, September 6th. Goldman Sachs Group restated a neutral rating on shares of Basf in a research report on Monday, September 16th. Finally, Nord/LB set a €68.00 ($79.07) target price on Basf and gave the company a neutral rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company’s stock. Basf has an average rating of Hold and an average target price of €66.27 ($77.06).

Shares of BAS traded up €1.88 ($2.19) during mid-day trading on Friday, reaching €64.86 ($75.42). The company had a trading volume of 3,323,681 shares, compared to its average volume of 2,920,000. The stock has a market capitalization of $59.57 billion and a P/E ratio of 6.35. The stock has a 50 day moving average of €61.62 and a two-hundred day moving average of €63.48. The company has a quick ratio of 0.98, a current ratio of 1.69 and a debt-to-equity ratio of 51.50. Basf has a 52-week low of €55.64 ($64.70) and a 52-week high of €74.61 ($86.76).

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.

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Analyst Recommendations for Basf (ETR:BAS)

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