Credit Suisse Group set a €78.00 ($90.70) target price on Basf (ETR:BAS) in a research note issued to investors on Friday morning. The brokerage currently has a buy rating on the basic materials company’s stock.
A number of other analysts have also issued reports on BAS. Societe Generale set a €88.00 ($102.33) target price on shares of Basf and gave the company a buy rating in a research note on Friday, November 16th. Barclays set a €92.00 ($106.98) price objective on shares of Basf and gave the stock a buy rating in a research note on Monday, November 19th. Baader Bank set a €65.00 ($75.58) price objective on shares of Basf and gave the stock a sell rating in a research note on Tuesday, November 20th. DZ Bank reaffirmed a buy rating on shares of Basf in a research note on Tuesday, November 20th. Finally, Kepler Capital Markets set a €96.00 ($111.63) price objective on shares of Basf and gave the stock a buy rating in a research note on Tuesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Basf has an average rating of Buy and a consensus price target of €76.48 ($88.93).
Shares of BAS opened at €67.51 ($78.50) on Friday. The firm has a market cap of $62.01 billion and a PE ratio of 13.21. Basf has a 12-month low of €57.35 ($66.69) and a 12-month high of €90.02 ($104.67). The company has a quick ratio of 0.65, a current ratio of 1.85 and a debt-to-equity ratio of 59.37.
Basf Company Profile
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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