Nord/LB Analysts Give Basf (ETR:BAS) a €45.00 Price Target
Nord/LB set a €45.00 ($50.56) price target on Basf (ETR:BAS) in a research report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
Several other research analysts have also commented on the company. Deutsche Bank set a €65.00 ($73.03) price objective on Basf and gave the stock a buy rating in a report on Tuesday, June 30th. Jefferies Financial Group set a €66.00 ($74.16) target price on Basf and gave the stock a buy rating in a research report on Wednesday. UBS Group set a €53.00 ($59.55) target price on Basf and gave the stock a neutral rating in a research report on Tuesday, July 14th. Credit Suisse Group set a €53.00 ($59.55) target price on Basf and gave the stock a neutral rating in a research report on Monday, July 6th. Finally, Independent Research set a €51.00 ($57.30) target price on 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 given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of €53.44 ($60.04).
Shares of ETR BAS opened at €46.81 ($52.60) on Wednesday. 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 firm has a market capitalization of $42.99 billion and a price-to-earnings ratio of 5.46. The business has a 50-day moving average of €51.34 and a 200-day moving average of €51.61.
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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