Basf’s (BAS) Neutral Rating Reaffirmed at DZ Bank

Basf (ETR:BAS)‘s stock had its “neutral” rating reissued by research analysts at DZ Bank in a report issued on Thursday, October 24th, Borsen Zeitung reports.

A number of other equities analysts have also commented on BAS. Deutsche Bank set a €74.00 ($86.05) price objective on Basf and gave the stock a “buy” rating in a research note on Friday, October 18th. Goldman Sachs Group set a €66.00 ($76.74) price objective on Basf and gave the stock a “neutral” rating in a research note on Thursday, October 24th. HSBC set a €61.00 ($70.93) price target on Basf and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Barclays set a €66.00 ($76.74) price target on Basf and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group set a €60.00 ($69.77) price target on Basf and gave the company a “neutral” rating in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Basf currently has a consensus rating of “Hold” and an average target price of €66.74 ($77.60).

Shares of BAS traded down €0.50 ($0.58) on Thursday, reaching €70.98 ($82.53). 2,793,488 shares of the stock traded hands, compared to its average volume of 2,920,000. The firm has a market cap of $65.65 billion and a price-to-earnings ratio of 7.17. The company has a debt-to-equity ratio of 48.41, a current ratio of 1.78 and a quick ratio of 0.98. Basf has a 12 month low of €55.64 ($64.70) and a 12 month high of €74.61 ($86.76). The stock’s 50-day moving average price is €65.92 and its 200-day moving average price is €63.54.

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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