Goldman Sachs Group Reiterates “€54.00” Price Target for Basf (ETR:BAS)

Goldman Sachs Group set a €54.00 ($60.67) price target on Basf (ETR:BAS) in a research report sent to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Other equities research analysts also recently issued research reports about the company. HSBC set a €51.00 ($57.30) target price on Basf and gave the company a buy rating in a research report on Tuesday, May 19th. Sanford C. Bernstein set a €53.00 ($59.55) target price on shares of Basf and gave the company a neutral rating in a research report on Thursday, July 2nd. Baader Bank set a €55.00 ($61.80) price target on shares of Basf and gave the company a buy rating in a research report on Thursday, April 30th. Warburg Research set a €52.00 ($58.43) price objective on shares of Basf and gave the stock a sell rating in a report on Friday, July 3rd. Finally, Berenberg Bank set a €47.00 ($52.81) target price on shares of Basf and gave the company a neutral rating in a report on Friday, June 5th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of €53.76 ($60.41).

BAS stock opened at €50.08 ($56.27) on Wednesday. Basf has a one year low of €37.36 ($41.97) and a one year high of €72.17 ($81.09). The firm has a market cap of $45.57 billion and a PE ratio of 5.78. The firm’s 50 day moving average price is €50.90 and its 200-day moving average price is €53.04. The company has a debt-to-equity ratio of 52.95, a quick ratio of 0.93 and a current ratio of 1.62.

About Basf

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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Analyst Recommendations for Basf (ETR:BAS)

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