Basf Se (OTCMKTS:BASFY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Basf Se (OTCMKTS:BASFY) have received an average recommendation of “Reduce” from the nine analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company.

BASFY has been the topic of several research analyst reports. Santander downgraded Basf to a “neutral” rating in a report on Wednesday, February 18th. Barclays cut shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Citigroup reaffirmed a “buy” rating on shares of Basf in a research note on Wednesday. Zacks Research downgraded shares of Basf from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, DZ Bank cut Basf from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th.

Basf Trading Down 2.0%

Basf stock opened at $14.41 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. Basf has a fifty-two week low of $10.75 and a fifty-two week high of $15.60. The firm has a 50 day moving average price of $13.73 and a 200 day moving average price of $13.12.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.