Deutsche Bank set a €74.00 ($86.05) price objective on Basf (ETR:BAS) in a research report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.
A number of other equities research analysts also recently issued reports on BAS. UBS Group set a $13.00 price objective on shares of Freeport-McMoRan and gave the stock a hold rating in a research report on Wednesday, June 26th. Baader Bank set a €65.00 ($75.58) price objective on shares of Basf and gave the stock a neutral rating in a research report on Friday, June 28th. Sanford C. Bernstein set a €68.00 ($79.07) price objective on shares of Basf and gave the stock a neutral rating in a research report on Tuesday, June 25th. Kepler Capital Markets reaffirmed a hold rating on shares of Continental in a research report on Friday, June 28th. Finally, HSBC set a €54.00 ($62.79) price objective on shares of ADO Properties and gave the stock a neutral rating in a research report on Wednesday, May 29th. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Basf currently has a consensus rating of Hold and an average price target of €72.40 ($84.19).
Shares of BAS stock opened at €60.22 ($70.02) on Tuesday. Basf has a 52-week low of €57.35 ($66.69) and a 52-week high of €84.91 ($98.73). The company has a quick ratio of 0.76, a current ratio of 1.84 and a debt-to-equity ratio of 57.58. The stock has a 50-day moving average price of €61.45. The company has a market cap of $55.31 billion and a P/E ratio of 12.51.
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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