Sanford C. Bernstein set a €52.00 ($60.47) price target on Basf (ETR:BAS) in a research note published on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.

A number of other research analysts have also weighed in on the company. Berenberg Bank set a €54.50 ($63.37) price objective on Vonovia and gave the company a buy rating in a report on Wednesday, July 10th. Warburg Research set a €65.00 ($75.58) price objective on Fresenius SE & Co KGaA and gave the company a buy rating in a report on Thursday, July 11th. HSBC set a €54.00 ($62.79) price objective on ADO Properties and gave the company a neutral rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. raised their price objective on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a report on Friday, July 5th. Finally, DZ Bank restated a neutral rating on shares of Basf in a report on Tuesday, July 9th. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of €71.17 ($82.75).

Shares of BAS stock opened at €60.80 ($70.70) on Thursday. The company has a fifty day moving average price of €61.51. The company has a quick ratio of 0.76, a current ratio of 1.84 and a debt-to-equity ratio of 57.58. The stock has a market cap of $55.84 billion and a price-to-earnings ratio of 12.63. Basf has a fifty-two week low of €57.35 ($66.69) and a fifty-two week high of €84.91 ($98.73).

Basf Company Profile

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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Analyst Recommendations for Basf (ETR:BAS)

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