Basf Se (OTCMKTS:BASFY) has been given an average recommendation of “Buy” by the thirteen research firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $47.57.
Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a research report on Tuesday, July 13th. Baader Bank upgraded shares of Basf to a “buy” rating in a research report on Friday, July 30th. Berenberg Bank reiterated a “hold” rating and issued a €72.00 ($84.71) price target (down from €74.00 ($87.06)) on shares of Basf in a research report on Friday, July 30th. Barclays increased their price target on shares of Basf from €72.00 ($84.71) to €77.00 ($90.59) and gave the stock an “equal weight” rating in a research report on Monday, August 2nd. Finally, UBS Group restated a “buy” rating on shares of Basf in a research report on Wednesday, September 22nd.
Basf stock traded up $0.21 during midday trading on Friday, reaching $18.89. 96,363 shares of the company traded hands, compared to its average volume of 177,678. The firm has a market capitalization of $69.40 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 0.70 and a beta of 1.34. The business has a 50 day moving average of $19.18 and a two-hundred day moving average of $20.02. Basf has a 12 month low of $13.38 and a 12 month high of $21.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.70 and a quick ratio of 1.12.
BASF SE engages in the provision of chemical products. It operates through the following segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, Agricultural Solutions, and Other. The Chemicals segment supplies petrochemicals and intermediates. The Materials segment includes isocyanates and polyamides as well as inorganic basic products and specialties for the plastics and plastics processing industries.
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