Basf (ETR:BAS) Given a €74.00 Price Target at JPMorgan Chase & Co.

Basf (ETR:BASGet Rating) has been assigned a €74.00 ($77.89) price target by equities research analysts at JPMorgan Chase & Co. in a report released on Tuesday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 56.00% from the stock’s current price.

A number of other research firms also recently weighed in on BAS. Credit Suisse Group set a €72.00 ($75.79) target price on shares of Basf in a research report on Tuesday, April 12th. UBS Group set a €52.00 ($54.74) target price on shares of Basf in a research report on Monday. Berenberg Bank set a €62.00 ($65.26) price target on shares of Basf in a research note on Monday, February 28th. Warburg Research set a €67.50 ($71.05) price target on shares of Basf in a research note on Tuesday, April 12th. Finally, Sanford C. Bernstein set a €97.00 ($102.11) price target on shares of Basf in a research note on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of €71.17 ($74.91).

ETR:BAS opened at €47.44 ($49.93) on Tuesday. The firm’s 50-day moving average price is €53.56 and its 200-day moving average price is €60.20. The company has a market capitalization of $43.57 billion and a PE ratio of 7.90. The company has a debt-to-equity ratio of 45.47, a current ratio of 1.75 and a quick ratio of 0.92. Basf has a 1-year low of €47.23 ($49.72) and a 1-year high of €71.05 ($74.79).

About Basf (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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