Basf (ETR:BAS) Receives “Neutral” Rating from Goldman Sachs Group

Goldman Sachs Group restated their neutral rating on shares of Basf (ETR:BAS) in a report published on Monday, Borsen Zeitung reports.

Other equities research analysts have also issued research reports about the stock. HSBC set a €61.00 ($70.93) price target on shares of Basf and gave the stock a neutral rating in a research note on Wednesday, July 31st. UBS Group set a €59.00 ($68.60) price target on shares of Basf and gave the stock a neutral rating in a research note on Monday, September 2nd. Deutsche Bank set a €74.00 ($86.05) price target on shares of Basf and gave the stock a buy rating in a research note on Friday, August 30th. Baader Bank set a €59.00 ($68.60) price objective on shares of Basf and gave the company a neutral rating in a research note on Thursday, July 25th. Finally, Credit Suisse Group set a €67.00 ($77.91) price objective on shares of Basf and gave the company a buy rating in a research note on Friday, July 26th. Sixteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Basf currently has an average rating of Hold and an average target price of €68.22 ($79.33).

Shares of BAS stock opened at €63.92 ($74.33) on Monday. The company has a 50 day moving average of €59.88 and a 200-day moving average of €63.96. The company has a quick ratio of 0.98, a current ratio of 1.69 and a debt-to-equity ratio of 51.50. Basf has a 12-month low of €55.64 ($64.70) and a 12-month high of €81.77 ($95.08). The firm has a market cap of $58.71 billion and a P/E ratio of 6.26.

About Basf

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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