Goldman Sachs Group Analysts Give Basf (ETR:BAS) a €66.00 Price Target

Basf (ETR:BAS) has been given a €66.00 ($76.74) price target by analysts at Goldman Sachs Group in a report released on Thursday, September 26th, Borsen Zeitung reports. The firm presently has a “neutral” rating on the basic materials company’s stock. Goldman Sachs Group’s price objective points to a potential upside of 1.76% from the stock’s current price.

Several other brokerages have also issued reports on BAS. DZ Bank reissued a “neutral” rating on shares of Basf in a research report on Friday, July 26th. Independent Research set a €62.00 ($72.09) target price on Basf and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Barclays set a €66.00 ($76.74) target price on Basf and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Sanford C. Bernstein set a €56.00 ($65.12) target price on Basf and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, Kepler Capital Markets set a €60.00 ($69.77) target price on Basf and gave the company a “neutral” rating in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of €66.27 ($77.06).

BAS traded up €1.88 ($2.19) during midday trading on Thursday, reaching €64.86 ($75.42). 3,323,681 shares of the company’s stock traded hands, compared to its average volume of 2,920,000. The firm has a fifty day moving average of €61.62 and a two-hundred day moving average of €63.48. The stock has a market capitalization of $59.57 billion and a price-to-earnings ratio of 6.35. The company has a debt-to-equity ratio of 51.50, a current ratio of 1.69 and a quick ratio of 0.98. Basf has a 52 week low of €55.64 ($64.70) and a 52 week high of €74.61 ($86.76).

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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