Basf (ETR:BAS) PT Set at €85.00 by Baader Bank

Basf (ETR:BAS) has been assigned a €85.00 ($100.00) target price by equities research analysts at Baader Bank in a note issued to investors on Monday, Borsen Zeitung reports. Baader Bank’s price target points to a potential upside of 33.25% from the stock’s previous close.

A number of other research analysts also recently commented on BAS. Credit Suisse Group set a €80.00 ($94.12) target price on Basf in a report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft set a €92.00 ($108.24) price target on Basf in a report on Thursday, July 29th. UBS Group set a €70.00 ($82.35) price target on Basf in a report on Wednesday, September 22nd. Sanford C. Bernstein set a €112.00 ($131.76) price target on Basf in a report on Monday, September 6th. Finally, Berenberg Bank set a €72.00 ($84.71) price target on Basf in a research report on Thursday, September 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of €80.27 ($94.43).

ETR BAS traded down €0.15 ($0.18) on Monday, reaching €63.79 ($75.05). The stock had a trading volume of 1,686,863 shares, compared to its average volume of 2,920,000. The stock has a market cap of $58.59 billion and a P/E ratio of 25.49. The company has a debt-to-equity ratio of 50.72, a quick ratio of 1.12 and a current ratio of 1.70. The business’s 50-day moving average price is €65.94 and its 200 day moving average price is €67.82. Basf has a 12-month low of €45.92 ($54.02) and a 12-month high of €72.88 ($85.74).

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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Analyst Recommendations for Basf (ETR:BAS)

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