Basf (ETR:BAS) Given a €77.00 Price Target at Deutsche Bank

Deutsche Bank set a €77.00 ($89.53) price target on Basf (ETR:BAS) in a research note released on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the basic materials company’s stock.

A number of other research analysts also recently issued reports on BAS. Jefferies Financial Group set a €60.00 ($69.77) price target on shares of Basf and gave the stock a neutral rating in a research report on Friday, October 25th. Credit Suisse Group set a €72.00 ($83.72) price target on shares of Basf and gave the stock a buy rating in a research report on Friday, October 25th. Warburg Research set a €67.70 ($78.72) price target on shares of Basf and gave the stock a neutral rating in a research report on Thursday, October 24th. HSBC set a €61.00 ($70.93) price target on shares of Basf and gave the stock a neutral rating in a research report on Wednesday, September 18th. Finally, Bank of America set a €55.00 ($63.95) price target on shares of Basf and gave the stock a sell rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of €67.51 ($78.50).

Basf stock opened at €68.15 ($79.24) on Monday. The firm’s 50-day moving average is €69.03 and its 200-day moving average is €63.25. The company has a debt-to-equity ratio of 48.41, a quick ratio of 0.98 and a current ratio of 1.78. Basf has a 1 year low of €55.64 ($64.70) and a 1 year high of €74.61 ($86.76). The company has a market cap of $62.07 billion and a P/E ratio of 6.88.

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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