Basf (ETR:BAS) PT Set at €64.00 by Jefferies Financial Group

Basf (ETR:BASGet Rating) has been given a €64.00 ($68.09) price objective by equities research analysts at Jefferies Financial Group in a research report issued on Friday, Borsen Zeitung reports. Jefferies Financial Group’s price objective would indicate a potential upside of 26.01% from the company’s previous close.

Several other brokerages also recently weighed in on BAS. Credit Suisse Group set a €72.00 ($76.60) target price on Basf in a research note on Tuesday, April 12th. The Goldman Sachs Group set a €63.00 ($67.02) price target on Basf in a research note on Tuesday, May 3rd. Baader Bank set a €53.00 ($56.38) price target on Basf in a research note on Thursday, May 12th. Berenberg Bank set a €62.00 ($65.96) price target on Basf in a research note on Tuesday, May 3rd. Finally, Sanford C. Bernstein set a €87.00 ($92.55) price target on Basf in a research note on Thursday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of €70.00 ($74.47).

BAS stock traded up €2.03 ($2.16) on Friday, hitting €50.79 ($54.03). 2,285,283 shares of the company’s stock were exchanged, compared to its average volume of 2,920,000. Basf has a 12-month low of €46.47 ($49.43) and a 12-month high of €69.52 ($73.96). The firm has a 50 day moving average price of €50.95 and a two-hundred day moving average price of €58.36. The company has a debt-to-equity ratio of 49.24, a quick ratio of 1.08 and a current ratio of 1.70. The stock has a market cap of $46.37 billion and a P/E ratio of 9.28.

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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Analyst Recommendations for Basf (ETR:BAS)

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