DZ Bank Reiterates “Buy” Rating for Basf (BAS)

DZ Bank reiterated their buy rating on shares of Basf (ETR:BAS) in a research note published on Friday morning, Borsen Zeitung reports.

Several other research firms also recently issued reports on BAS. Jefferies Financial Group set a €64.00 ($74.42) price objective on Basf and gave the company a neutral rating in a report on Monday, March 18th. Credit Suisse Group set a €78.00 ($90.70) price objective on Basf and gave the company a buy rating in a report on Friday, April 12th. Barclays set a €76.00 ($88.37) price objective on Basf and gave the company a neutral rating in a report on Friday, March 8th. UBS Group set a €60.00 ($69.77) price objective on Basf and gave the company a neutral rating in a report on Monday, February 4th. Finally, Baader Bank set a €65.00 ($75.58) price objective on Basf and gave the company a neutral rating in a report on Friday, January 18th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of €75.60 ($87.91).

BAS stock opened at €63.15 ($73.43) on Friday. The company has a current ratio of 1.85, a quick ratio of 0.65 and a debt-to-equity ratio of 59.37. The firm has a market capitalization of $58.00 billion and a P/E ratio of 13.12. Basf has a 12-month low of €57.35 ($66.69) and a 12-month high of €90.02 ($104.67).

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.

Recommended Story: What are the economic characteristics of a bear market?

Analyst Recommendations for Basf (ETR:BAS)

Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.