Basf (ETR:BAS) Given a €66.00 Price Target by Jefferies Financial Group Analysts
Jefferies Financial Group set a €66.00 ($74.16) target price on Basf (ETR:BAS) in a report released on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the basic materials company’s stock.
BAS has been the topic of several other reports. HSBC set a €51.00 ($57.30) price target on shares of Basf and gave the company a buy rating in a research note on Tuesday, May 19th. UBS Group set a €53.00 ($59.55) price target on shares of Basf and gave the company a neutral rating in a research note on Tuesday, July 14th. Sanford C. Bernstein set a €56.00 ($62.92) price target on shares of Basf and gave the company a neutral rating in a research note on Wednesday. Warburg Research set a €52.00 ($58.43) price target on shares of Basf and gave the company a neutral rating in a research note on Wednesday. Finally, Credit Suisse Group set a €53.00 ($59.55) price target on shares of Basf and gave the company a neutral rating in a research note on Monday, July 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of €53.44 ($60.04).
ETR:BAS opened at €46.81 ($52.60) on Wednesday. Basf has a one year low of €37.36 ($41.97) and a one year high of €72.17 ($81.09). The company has a market cap of $42.99 billion and a P/E ratio of 5.46. The firm’s fifty day moving average price is €51.34 and its two-hundred day moving average price is €51.61. The company has a debt-to-equity ratio of 52.95, a current ratio of 1.62 and a quick ratio of 0.93.
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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