Basf (ETR:BAS) PT Set at €66.00 by Independent Research
Independent Research set a €66.00 ($76.74) target price on Basf (ETR:BAS) in a report released on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.
Several other brokerages also recently weighed in on BAS. JPMorgan Chase & Co. lifted their price objective on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a research report on Friday, July 5th. Goldman Sachs Group upgraded shares of DUFRY AG/ADR to a hold rating in a research report on Friday, July 5th. Deutsche Bank reiterated a buy rating and issued a GBX 3,400 ($44.43) price objective on shares of in a research report on Tuesday. Jefferies Financial Group reiterated a buy rating and issued a $30.00 price objective on shares of Amarin in a research report on Tuesday. Finally, UBS Group initiated coverage on shares of Chewy in a research report on Tuesday. They issued a buy rating and a $42.00 price objective on the stock. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of €72.40 ($84.19).
ETR:BAS traded down €0.62 ($0.72) during mid-day trading on Wednesday, hitting €59.50 ($69.19). The stock had a trading volume of 2,806,825 shares, compared to its average volume of 2,920,000. The stock has a market capitalization of $54.65 billion and a PE ratio of 12.36. The stock’s 50 day moving average is €61.46. Basf has a 52 week low of €57.35 ($66.69) and a 52 week high of €84.91 ($98.73). The company has a debt-to-equity ratio of 57.58, a current ratio of 1.84 and a quick ratio of 0.76.
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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