DZ Bank Reiterates “Neutral” Rating for Basf (ETR:BAS)

DZ Bank reiterated their neutral rating on shares of Basf (ETR:BAS) in a report issued on Monday morning, Borsen Zeitung reports.

Several other analysts also recently weighed in on the stock. Morgan Stanley set a €67.00 ($77.91) price target on shares of Basf and gave the company a neutral rating in a research note on Monday, July 15th. Baader Bank set a €59.00 ($68.60) price target on shares of Basf and gave the company a neutral rating in a research note on Thursday, July 25th. Warburg Research set a €67.70 ($78.72) price target on shares of Basf and gave the company a neutral rating in a research note on Wednesday, October 2nd. Kepler Capital Markets set a €59.00 ($68.60) price target on shares of Basf and gave the company a neutral rating in a research note on Monday, September 30th. Finally, Barclays set a €66.00 ($76.74) price target on shares of Basf and gave the company a neutral rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of €66.37 ($77.17).

Basf stock opened at €62.98 ($73.23) on Monday. The company has a 50 day moving average price of €61.46 and a 200-day moving average price of €63.49. The company has a debt-to-equity ratio of 51.50, a quick ratio of 0.98 and a current ratio of 1.69. Basf has a fifty-two week low of €55.64 ($64.70) and a fifty-two week high of €74.61 ($86.76). The company has a market capitalization of $57.85 billion and a PE ratio of 6.17.

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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