Basf (OTCMKTS:BASFY) Rating Increased to Hold at Berenberg Bank

Berenberg Bank upgraded shares of Basf (OTCMKTS:BASFY) from a sell rating to a hold rating in a report published on Tuesday, MarketBeat reports.

Several other analysts also recently commented on the stock. Zacks Research downgraded shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. DZ Bank cut shares of Basf from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Basf Price Performance

Basf stock opened at $15.03 on Tuesday. Basf has a 12 month low of $10.75 and a 12 month high of $15.60. The business’s fifty day simple moving average is $13.49 and its two-hundred day simple moving average is $13.02. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01.

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.