BASF SE (BAS.F) (ETR:BAS) received a €78.00 ($91.76) price objective from equities research analysts at Sanford C. Bernstein in a research report issued on Tuesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the basic materials company’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 14.66% from the stock’s previous close.
Several other brokerages have also issued reports on BAS. Barclays set a €60.00 ($70.59) price target on BASF SE (BAS.F) and gave the company a “neutral” rating in a research note on Tuesday, December 1st. DZ Bank reaffirmed a “buy” rating on shares of BASF SE (BAS.F) in a research note on Tuesday, October 13th. Baader Bank set a €72.00 ($84.71) price objective on shares of BASF SE (BAS.F) and gave the company a “buy” rating in a research note on Monday, December 7th. Nord/LB set a €50.00 ($58.82) target price on shares of BASF SE (BAS.F) and gave the company a “neutral” rating in a research report on Monday, January 4th. Finally, UBS Group set a €70.00 ($82.35) price objective on BASF SE (BAS.F) and gave the stock a “buy” rating in a research note on Tuesday, December 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. BASF SE (BAS.F) presently has a consensus rating of “Hold” and a consensus target price of €64.34 ($75.70).
BAS opened at €68.03 ($80.04) on Tuesday. The company has a debt-to-equity ratio of 62.26, a current ratio of 1.66 and a quick ratio of 0.96. The company has a market capitalization of $62.48 billion and a P/E ratio of -31.77. BASF SE has a fifty-two week low of €37.36 ($43.95) and a fifty-two week high of €69.24 ($81.46). The firm’s fifty day moving average price is €63.94 and its two-hundred day moving average price is €54.89.
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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