Baader Bank Analysts Give Basf (ETR:BAS) a €53.00 Price Target

Baader Bank set a €53.00 ($55.79) price objective on Basf (ETR:BASGet Rating) in a research note released on Thursday morning, Borsen Zeitung reports.

BAS has been the subject of a number of other research reports. Credit Suisse Group set a €72.00 ($75.79) price objective on shares of Basf in a research report on Tuesday, April 12th. Deutsche Bank Rese… set a €64.00 ($67.37) price objective on shares of Basf in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. set a €74.00 ($77.89) price objective on shares of Basf in a research report on Tuesday, May 3rd. Warburg Research set a €66.00 ($69.47) price objective on shares of Basf in a research report on Tuesday, May 3rd. Finally, Sanford C. Bernstein set a €97.00 ($102.11) price objective on shares of Basf in a research report on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of €70.67 ($74.39).

Shares of Basf stock traded down €0.54 ($0.57) during mid-day trading on Thursday, hitting €49.06 ($51.64). The stock had a trading volume of 4,343,684 shares, compared to its average volume of 2,920,000. The company has a quick ratio of 1.08, a current ratio of 1.70 and a debt-to-equity ratio of 49.24. The firm has a market cap of $44.79 billion and a P/E ratio of 8.97. The firm has a 50-day moving average of €51.67 and a two-hundred day moving average of €59.29. Basf has a 12-month low of €46.61 ($49.06) and a 12-month high of €71.05 ($74.79).

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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