Basf (ETR:BAS) PT Set at €68.00 by Sanford C. Bernstein
Basf (ETR:BAS) has been given a €68.00 ($79.07) price objective by equities research analysts at Sanford C. Bernstein in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 14.29% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their price target 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. Baader Bank set a €65.00 ($75.58) target price on shares of Basf and gave the stock a “neutral” rating in a research report on Friday, June 28th. Berenberg Bank lifted their target price on shares of Endeavour Mining from C$22.55 to C$24.35 in a research report on Tuesday, July 2nd. Warburg Research set a €71.00 ($82.56) target price on shares of Basf and gave the stock a “neutral” rating in a research report on Monday, April 1st. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a GBX 3,400 ($44.43) target price on shares of in a research report on Tuesday. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of €72.40 ($84.19).
Shares of BAS traded down €0.62 ($0.72) on Tuesday, hitting €59.50 ($69.19). 2,806,825 shares of the stock traded hands, compared to its average volume of 2,920,000. The stock has a market cap of $54.69 billion and a P/E ratio of 12.36. The company has a debt-to-equity ratio of 57.58, a current ratio of 1.84 and a quick ratio of 0.76. The firm has a 50 day simple moving average of €61.51. Basf has a one year low of €57.35 ($66.69) and a one year high of €84.91 ($98.73).
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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