Basf (ETR:BAS) Given a €76.00 Price Target by The Goldman Sachs Group Analysts

Basf (ETR:BAS) has been assigned a €76.00 ($89.41) target price by equities researchers at The Goldman Sachs Group in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 7.53% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on BAS. Baader Bank set a €76.00 ($89.41) price objective on shares of Basf and gave the company a “buy” rating in a research report on Wednesday, February 24th. JPMorgan Chase & Co. set a €62.50 ($73.53) price objective on shares of Basf and gave the company a “sell” rating in a research report on Friday, February 26th. DZ Bank reissued a “buy” rating on shares of Basf in a research report on Wednesday. Jefferies Financial Group set a €80.00 ($94.12) price objective on shares of Basf and gave the company a “buy” rating in a research report on Tuesday, January 26th. Finally, Sanford C. Bernstein set a €88.00 ($103.53) price objective on shares of Basf and gave the company a “buy” rating in a research report on Friday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of €72.34 ($85.11).

ETR:BAS opened at €70.68 ($83.15) on Thursday. The company has a current ratio of 1.66, a quick ratio of 0.96 and a debt-to-equity ratio of 62.26. Basf has a 12 month low of €37.36 ($43.95) and a 12 month high of €69.67 ($81.96). The company has a market cap of $64.92 billion and a PE ratio of -33.07. The company has a 50 day simple moving average of €67.06 and a two-hundred day simple moving average of €59.20.

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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