Basf (ETR:BAS) PT Set at €60.00 by Baader Bank

Basf (ETR:BASGet Rating) received a €60.00 ($64.52) price objective from research analysts at Baader Bank in a research note issued to investors on Monday, Borsen Zeitung reports. Baader Bank’s target price would indicate a potential upside of 19.02% from the company’s current price.

A number of other equities research analysts have also recently weighed in on BAS. The Goldman Sachs Group set a €62.00 ($66.67) price target on Basf in a report on Tuesday, April 12th. Deutsche Bank Rese… set a €64.00 ($68.82) target price on Basf in a report on Tuesday, April 12th. Sanford C. Bernstein set a €97.00 ($104.30) target price on Basf in a report on Wednesday, April 27th. Berenberg Bank set a €62.00 ($66.67) target price on Basf in a report on Monday, February 28th. Finally, Jefferies Financial Group set a €74.00 ($79.57) price objective on Basf in a report on Monday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of €71.57 ($76.95).

BAS opened at €50.41 ($54.20) on Monday. The company has a market cap of $46.30 billion and a PE ratio of 8.40. The business has a 50 day moving average price of €53.87 and a two-hundred day moving average price of €60.29. Basf has a 52 week low of €47.23 ($50.78) and a 52 week high of €71.05 ($76.40). The company has a quick ratio of 0.92, a current ratio of 1.75 and a debt-to-equity ratio of 45.47.

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.

Further Reading

Analyst Recommendations for Basf (ETR:BAS)

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