Baader Bank Reiterates “€59.00” Price Target for Basf (ETR:BAS)

Basf (ETR:BAS) has been assigned a €59.00 ($68.60) target price by equities research analysts at Baader Bank in a research note issued to investors on Monday, January 6th, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the basic materials company’s stock. Baader Bank’s target price would suggest a potential downside of 8.31% from the stock’s previous close.

A number of other analysts also recently commented on the company. Berenberg Bank set a €77.00 ($89.53) target price on Basf and gave the stock a “buy” rating in a research report on Friday, October 25th. Jefferies Financial Group set a €60.00 ($69.77) target price on Basf and gave the stock a “neutral” rating in a research report on Friday, October 25th. Warburg Research set a €67.70 ($78.72) target price on Basf and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Bank of America set a €55.00 ($63.95) price objective on Basf and gave the company a “sell” rating in a research report on Friday, September 20th. Finally, Credit Suisse Group set a €72.00 ($83.72) price objective on Basf and gave the company a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of €65.25 ($75.87).

BAS opened at €64.35 ($74.83) on Monday. The business’s fifty day moving average is €67.43 and its two-hundred day moving average is €64.49. The company has a debt-to-equity ratio of 48.41, a quick ratio of 0.98 and a current ratio of 1.78. The company has a market cap of $59.10 billion and a price-to-earnings ratio of 6.50. Basf has a one year low of €55.64 ($64.70) and a one year high of €74.61 ($86.76).

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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