Baader Bank set a €65.00 ($75.58) price objective on Basf (ETR:BAS) in a research report report published on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
A number of other analysts also recently weighed in on the company. UBS Group set a €60.00 ($69.77) price target on Basf and gave the company a neutral rating in a research note on Monday, January 7th. Sanford C. Bernstein set a €77.00 ($89.53) price target on Basf and gave the company a neutral rating in a research note on Tuesday, January 8th. JPMorgan Chase & Co. set a €74.00 ($86.05) price target on Basf and gave the company a buy rating in a research note on Thursday, January 10th. Berenberg Bank set a €70.00 ($81.40) price target on Basf and gave the company a buy rating in a research note on Monday, January 21st. Finally, Nord/LB set a €71.00 ($82.56) price target on Basf and gave the company a buy rating in a research note on Thursday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of €75.00 ($87.21).
Shares of ETR:BAS traded up €0.54 ($0.63) during trading on Friday, reaching €72.87 ($84.73). The company had a trading volume of 4,297,680 shares, compared to its average volume of 2,920,000. The firm has a market cap of $66.93 billion and a P/E ratio of 14.26. The company has a current ratio of 1.85, a quick ratio of 0.65 and a debt-to-equity ratio of 59.37. Basf has a fifty-two week low of €57.35 ($66.69) and a fifty-two week high of €90.02 ($104.67).
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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