Basf (ETR:BAS) Given a €74.00 Price Target at Deutsche Bank
Deutsche Bank set a €74.00 ($86.05) price target on Basf (ETR:BAS) in a research note released on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.
BAS has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on shares of Boeing from $430.00 to $425.00 and set an overweight rating for the company in a report on Thursday, July 25th. Goldman Sachs Group lowered shares of Cadence Bancorp from a buy rating to a neutral rating and set a $18.00 price target for the company. in a report on Monday, July 22nd. Warburg Research set a €11.50 ($13.37) price target on shares of Aixtron and gave the stock a buy rating in a report on Thursday, July 25th. Nord/LB set a €68.00 ($79.07) price target on shares of Basf and gave the stock a neutral rating in a report on Thursday, July 25th. Finally, Credit Suisse Group assumed coverage on shares of LTC Properties in a report on Wednesday, July 10th. They issued an underperform rating and a $19.00 price target for the company. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of €69.40 ($80.70).
Shares of ETR BAS opened at €62.21 ($72.34) on Friday. The stock has a market cap of $57.14 billion and a price-to-earnings ratio of 12.93. The business has a fifty day moving average of €61.86. The company has a debt-to-equity ratio of 57.58, a quick ratio of 0.76 and a current ratio of 1.84. 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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