Basf Se (ETR:BAS) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of €66.53 ($78.27) and traded as low as €64.45 ($75.82). Basf shares last traded at €64.56 ($75.95), with a volume of 1,493,458 shares trading hands.
A number of research firms have weighed in on BAS. Warburg Research set a €85.00 ($100.00) price target on Basf in a research report on Monday, July 12th. The Goldman Sachs Group set a €79.00 ($92.94) price target on Basf in a research report on Wednesday, July 28th. Baader Bank set a €85.00 ($100.00) price target on Basf in a research report on Monday, August 2nd. Berenberg Bank set a €72.00 ($84.71) price target on Basf in a research report on Thursday, July 29th. Finally, Kepler Capital Markets set a €73.00 ($85.88) price target on Basf and gave the company a “buy” rating in a research report on Friday, June 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Basf currently has an average rating of “Buy” and an average target price of €80.80 ($95.06).
The business’s 50-day moving average price is €66.49 and its 200-day moving average price is €68.24. The company has a debt-to-equity ratio of 50.72, a quick ratio of 1.12 and a current ratio of 1.70. The stock has a market cap of $60.22 billion and a P/E ratio of 26.20.
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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