Basf (ETR:BAS) Given a €74.00 Price Target by Deutsche Bank Analysts
Deutsche Bank set a €74.00 ($86.05) price objective on Basf (ETR:BAS) in a report issued on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the basic materials company’s stock.
Several other analysts have also recently weighed in on BAS. Warburg Research set a €71.00 ($82.56) price target on shares of Basf and gave the company a neutral rating in a report on Monday, April 1st. Jefferies Financial Group lifted their price target on shares of KeyCorp from $20.00 to $18.50 and gave the company a buy rating in a report on Monday, May 6th. Independent Research set a €70.00 ($81.40) price target on shares of Basf and gave the company a neutral rating in a report on Tuesday, July 2nd. UBS Group set a $13.00 price target on shares of Freeport-McMoRan and gave the company a hold rating in a report on Wednesday, June 26th. Finally, Morgan Stanley set a $103.00 price objective on Nike and gave the company a buy rating in a research report on Friday, June 28th. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Basf presently has a consensus rating of Hold and a consensus target price of €72.40 ($84.19).
ETR:BAS opened at €60.70 ($70.58) on Tuesday. The company has a market capitalization of $54.65 billion and a PE ratio of 12.61. The firm has a fifty day moving average of €61.46. Basf has a twelve month low of €57.35 ($66.69) and a twelve month high of €84.91 ($98.73). The company has a current ratio of 1.84, a quick ratio of 0.76 and a debt-to-equity ratio of 57.58.
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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