Baader Bank Reiterates “€65.00” Price Target for Basf (ETR:BAS)

Baader Bank set a €65.00 ($75.58) target price on Basf (ETR:BAS) in a research note published on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.

Several other research firms have also recently weighed in on BAS. HSBC set a €54.00 ($62.79) price objective on shares of ADO Properties and gave the stock a neutral rating in a research report on Wednesday, May 29th. UBS Group set a $13.00 price objective on shares of Freeport-McMoRan and gave the stock a hold rating in a research report on Wednesday, June 26th. DZ Bank cut shares of from a buy rating to a hold rating in a research report on Friday, June 14th. Goldman Sachs Group upgraded shares of DUFRY AG/ADR to a hold rating in a research report on Friday, July 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a research report on Friday, July 5th. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Basf currently has a consensus rating of Hold and an average price target of €72.40 ($84.19).

ETR BAS opened at €60.70 ($70.58) on Tuesday. Basf has a twelve month low of €57.35 ($66.69) and a twelve month high of €84.91 ($98.73). The company has a debt-to-equity ratio of 57.58, a quick ratio of 0.76 and a current ratio of 1.84. The stock has a market cap of $54.65 billion and a PE ratio of 12.61. The business’s 50 day moving average price is €61.46.

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.

Featured Article: Understanding the different types of bonds

Analyst Recommendations for Basf (ETR:BAS)

Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.