Credit Suisse Group set a €67.00 ($77.91) target price on Basf (ETR:BAS) in a report published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.
Several other research analysts also recently commented on the stock. Jefferies Financial Group reissued a buy rating and issued a $30.00 price target on shares of Amarin in a report on Tuesday, July 9th. Kepler Capital Markets restated a hold rating on shares of Continental in a research report on Friday, June 28th. DZ Bank restated a neutral rating on shares of Basf in a research report on Tuesday, July 9th. Independent Research set a €70.00 ($81.40) price objective on shares of Basf and gave the company a neutral rating in a research report on Tuesday, July 2nd. Finally, Warburg Research set a €71.00 ($82.56) price objective on shares of Basf and gave the company a neutral rating in a research report on Monday, April 1st. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Basf presently has a consensus rating of Hold and a consensus target price of €72.40 ($84.19).
Shares of ETR:BAS opened at €60.22 ($70.02) on Wednesday. The firm has a fifty day moving average price of €61.45. The company has a debt-to-equity ratio of 57.58, a quick ratio of 0.76 and a current ratio of 1.84. Basf has a one year low of €57.35 ($66.69) and a one year high of €84.91 ($98.73). The company has a market cap of $55.31 billion and a P/E ratio of 12.51.
BASF SE operates as a chemical company worldwide. It 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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