Basf (ETR:BAS) Given a €67.00 Price Target by Credit Suisse Group Analysts
Credit Suisse Group set a €67.00 ($77.91) target price on Basf (ETR:BAS) in a research note released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.
Several other research analysts also recently issued reports on the stock. Morgan Stanley set a $103.00 price target on shares of Nike and gave the stock a buy rating in a research report on Friday, June 28th. JPMorgan Chase & Co. boosted their price objective on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a report on Friday, July 5th. UBS Group started coverage on Chewy in a research note on Tuesday. They issued a buy rating and a $42.00 price target for the company. Sanford C. Bernstein set a €68.00 ($79.07) price target on Basf and gave the company a neutral rating in a research note on Tuesday. Finally, Jefferies Financial Group reissued a buy rating and set a $30.00 target price on shares of Amarin in a research note on Tuesday. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of €72.40 ($84.19).
Basf stock traded down €0.62 ($0.72) on Wednesday, hitting €59.50 ($69.19). The company’s 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 price-to-earnings ratio of 12.36. The company has a current ratio of 1.84, a quick ratio of 0.76 and a debt-to-equity ratio of 57.58. The firm has a fifty day simple moving average of €61.46. 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.
Recommended Story: Net Income
Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.