Basf (ETR:BAS) PT Set at €74.00 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €74.00 ($80.43) target price on Basf (ETR:BASGet Rating) in a research report report published on Tuesday morning, Borsen Zeitung reports.

Several other research firms have also recently issued reports on BAS. The Goldman Sachs Group set a €62.00 ($67.39) target price on Basf in a research note on Monday, April 4th. Morgan Stanley set a €76.00 ($82.61) target price on Basf in a research note on Wednesday, January 26th. Barclays set a €79.00 ($85.87) target price on Basf in a research note on Thursday, February 3rd. Credit Suisse Group set a €72.00 ($78.26) price target on Basf in a research note on Wednesday, March 30th. Finally, Baader Bank set a €60.00 ($65.22) price target on Basf in a research note on Friday, April 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of €73.03 ($79.38).

BAS opened at €51.96 ($56.48) on Tuesday. The company has a debt-to-equity ratio of 45.47, a quick ratio of 0.92 and a current ratio of 1.75. Basf has a 52-week low of €47.23 ($51.34) and a 52-week high of €72.84 ($79.17). The stock has a market capitalization of $47.72 billion and a PE ratio of 8.57. The stock’s 50 day moving average price is €58.05 and its 200-day moving average price is €61.44.

Basf Company Profile (Get Rating)

BASF SE operates as a chemical company worldwide. The company 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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