Basf (ETR:BAS) has been assigned a €60.00 ($69.77) price target by research analysts at Kepler Capital Markets in a report issued on Thursday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Kepler Capital Markets’ target price indicates a potential downside of 17.66% from the company’s previous close.
A number of other research firms have also issued reports on BAS. JPMorgan Chase & Co. set a €74.00 ($86.05) target price on Basf and gave the company a “buy” rating in a research note on Thursday, January 10th. Nord/LB set a €71.00 ($82.56) target price on Basf and gave the company a “buy” rating in a research note on Thursday, January 24th. Berenberg Bank set a €70.00 ($81.40) target price on Basf and gave the company a “buy” rating in a research note on Monday, January 21st. Credit Suisse Group set a €78.00 ($90.70) target price on Basf and gave the company a “buy” rating in a research note on Tuesday, February 5th. Finally, Deutsche Bank set a €85.00 ($98.84) target price on Basf and gave the company a “buy” rating in a research note on Wednesday, February 27th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of €75.00 ($87.21).
Basf stock opened at €72.87 ($84.73) on Thursday. The stock has a market capitalization of $66.93 billion and a PE 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 12 month low of €57.35 ($66.69) and a 12 month 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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