Jefferies Financial Group set a €62.00 ($72.09) price target on Basf (ETR:BAS) in a research report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
Other research analysts have also issued reports about the company. Kepler Capital Markets reissued a hold rating on shares of Continental in a research report on Friday, June 28th. Baader Bank set a €65.00 ($75.58) price objective on Basf and gave the company a neutral rating in a research report on Friday, June 28th. Sanford C. Bernstein set a €68.00 ($79.07) target price on Basf and gave the company a neutral rating in a research note on Tuesday. Morgan Stanley set a $103.00 target price on Nike and gave the company a buy rating in a research note on Friday, June 28th. Finally, UBS Group set a $13.00 target price on Freeport-McMoRan and gave the company a hold rating in a research note on Wednesday, June 26th. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Basf has an average rating of Hold and an average price target of €72.40 ($84.19).
ETR:BAS opened at €60.70 ($70.58) on Tuesday. The firm has a 50-day moving average of €61.46. 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 has a 12 month low of €57.35 ($66.69) and a 12 month high of €84.91 ($98.73). The stock has a market capitalization of $54.65 billion and a price-to-earnings ratio of 12.61.
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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