Independent Research set a €51.00 ($57.30) target price on Basf (ETR:BAS) in a report released on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.

Other equities research analysts have also issued research reports about the stock. Goldman Sachs Group set a €54.00 ($60.67) price objective on shares of Basf and gave the stock a neutral rating in a research note on Wednesday. HSBC set a €51.00 ($57.30) price objective on shares of Basf and gave the stock a buy rating in a research note on Tuesday, May 19th. JPMorgan Chase & Co. set a €45.00 ($50.56) price objective on shares of Basf and gave the stock a neutral rating in a research note on Wednesday. Barclays set a €51.00 ($57.30) price objective on shares of Basf and gave the stock a neutral rating in a research note on Wednesday. Finally, Sanford C. Bernstein set a €56.00 ($62.92) target price on shares of Basf and gave the stock a neutral rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Basf presently has a consensus rating of Hold and an average target price of €53.44 ($60.04).

BAS opened at €46.81 ($52.60) on Wednesday. The firm has a market cap of $42.99 billion and a price-to-earnings ratio of 5.46. Basf has a fifty-two week low of €37.36 ($41.97) and a fifty-two week high of €72.17 ($81.09). The company’s 50-day moving average price is €51.34 and its 200 day moving average price is €51.61. The company has a quick ratio of 0.93, a current ratio of 1.62 and a debt-to-equity ratio of 52.95.

Basf Company Profile

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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Analyst Recommendations for Basf (ETR:BAS)

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