Brokerages Set Basf Se (BAS) Target Price at $74.35

Shares of Basf Se (ETR:BAS) have been given an average recommendation of “Hold” by the twenty-one brokerages that are covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is €74.35 ($86.45).

A number of brokerages have recently weighed in on BAS. Credit Suisse Group set a €78.00 ($90.70) price target on shares of Basf and gave the stock a “buy” rating in a research report on Friday, April 12th. UBS Group set a €64.00 ($74.42) price target on shares of Basf and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Baader Bank set a €65.00 ($75.58) price target on shares of Basf and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Morgan Stanley set a €77.00 ($89.53) price target on shares of Basf and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Finally, Sanford C. Bernstein set a €66.00 ($76.74) price target on shares of Basf and gave the stock a “neutral” rating in a research report on Wednesday, April 10th.

Shares of ETR BAS traded up €0.23 ($0.27) during midday trading on Friday, reaching €74.16 ($86.23). 3,641,930 shares of the stock were exchanged, compared to its average volume of 2,920,000. The stock has a market cap of $68.11 billion and a price-to-earnings ratio of 14.51. Basf has a 12 month low of €57.35 ($66.69) and a 12 month high of €90.02 ($104.67). The company has a quick ratio of 0.65, a current ratio of 1.85 and a debt-to-equity ratio of 59.37.

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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