Bank of America Analysts Give Basf (ETR:BAS) a €55.00 Price Target

Bank of America set a €55.00 ($63.95) target price on Basf (ETR:BAS) in a research report report published on Friday, September 20th, Borsen Zeitung reports. The firm currently has a sell rating on the basic materials company’s stock.

Several other equities analysts also recently weighed in on the company. HSBC set a €61.00 ($70.93) target price on Basf and gave the company a neutral rating in a research report on Wednesday, September 18th. Sanford C. Bernstein set a €56.00 ($65.12) price target on Basf and gave the company a neutral rating in a report on Wednesday, August 14th. Independent Research set a €62.00 ($72.09) price target on Basf and gave the company a neutral rating in a report on Wednesday, September 4th. Deutsche Bank set a €74.00 ($86.05) target price on Basf and gave the stock a buy rating in a research note on Friday, August 30th. Finally, UBS Group set a €59.00 ($68.60) target price on Basf and gave the stock a neutral rating in a research note on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of €66.27 ($77.06).

Shares of BAS traded up €1.88 ($2.19) during mid-day trading on Friday, reaching €64.86 ($75.42). The company had a trading volume of 3,323,681 shares, compared to its average volume of 2,920,000. The stock has a market capitalization of $59.57 billion and a P/E ratio of 6.35. The stock has a 50 day moving average of €61.62 and a two-hundred day moving average of €63.48. 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 52-week low of €55.64 ($64.70) and a 52-week 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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