Basf (BASFY) Lifted to “Hold” at HSBC

Basf (OTCMKTS:BASFY) was upgraded by stock analysts at HSBC from a “reduce” rating to a “hold” rating in a research note issued on Tuesday.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Basf from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Tuesday, November 28th. Berenberg Bank raised shares of Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. ValuEngine downgraded shares of Basf from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. JPMorgan Chase & Co. downgraded shares of Basf from an “overweight” rating to a “neutral” rating in a report on Monday, January 8th. Finally, UBS Group downgraded shares of Basf from a “buy” rating to a “neutral” rating in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Shares of Basf (OTCMKTS:BASFY) traded up $0.03 during trading on Tuesday, reaching $26.67. 28,415 shares of the company’s stock were exchanged, compared to its average volume of 171,619. The company has a current ratio of 1.99, a quick ratio of 1.29 and a debt-to-equity ratio of 0.43. Basf has a 12-month low of $22.98 and a 12-month high of $30.22. The company has a market cap of $96,222.06, a P/E ratio of 16.94, a PEG ratio of 1.44 and a beta of 1.08.

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About Basf

BASF SE is a chemical company. The Company operates through five segments, which include Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. The Performance Products segment consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health, and Performance Chemicals divisions.

Analyst Recommendations for Basf (OTCMKTS:BASFY)

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