JPMorgan Chase & Co. set a €45.00 ($50.56) price objective on Basf (ETR:BAS) in a report issued on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Several other brokerages have also recently weighed in on BAS. Goldman Sachs Group set a €54.00 ($60.67) price objective on Basf and gave the company a neutral rating in a research note on Tuesday, July 14th. HSBC set a €51.00 ($57.30) price objective on Basf and gave the company a buy rating in a research note on Tuesday, May 19th. Baader Bank set a €63.00 ($70.79) price objective on Basf and gave the company a buy rating in a research note on Monday, July 20th. Berenberg Bank set a €47.00 ($52.81) price objective on Basf and gave the company a neutral rating in a research note on Friday, June 5th. Finally, Independent Research set a €52.00 ($58.43) price objective on Basf and gave the company a neutral rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Basf presently has a consensus rating of Hold and a consensus target price of €53.44 ($60.04).

ETR BAS opened at €46.81 ($52.60) on Wednesday. The company has a fifty day simple moving average of €51.34 and a 200 day simple moving average of €51.61. Basf has a 12-month low of €37.36 ($41.97) and a 12-month high of €72.17 ($81.09). The company has a current ratio of 1.62, a quick ratio of 0.93 and a debt-to-equity ratio of 52.95. The company has a market cap of $42.99 billion and a P/E ratio of 5.46.

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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