Brokerages Set Basf Se (BAS) Target Price at $76.48

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Basf Se (ETR:BAS) has earned a consensus recommendation of “Buy” from the twenty-one research firms that are covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is €74.60 ($86.74).

BAS has been the subject of a number of research analyst reports. Jefferies Financial Group set a €64.00 ($74.42) price target on Basf and gave the stock a “neutral” rating in a report on Monday, March 18th. JPMorgan Chase & Co. set a €74.00 ($86.05) price target on Basf and gave the stock a “buy” rating in a report on Tuesday, February 26th. HSBC set a €78.00 ($90.70) price target on Basf and gave the stock a “buy” rating in a report on Thursday. Kepler Capital Markets set a €60.00 ($69.77) price target on Basf and gave the stock a “neutral” rating in a report on Tuesday, February 26th. Finally, UBS Group set a €73.00 ($84.88) price target on Basf and gave the stock a “neutral” rating in a report on Monday, November 26th.

ETR:BAS traded down €0.19 ($0.22) during trading hours on Wednesday, hitting €65.32 ($75.95). The company had a trading volume of 2,538,885 shares, compared to its average volume of 2,920,000. The company has a quick ratio of 0.65, a current ratio of 1.85 and a debt-to-equity ratio of 59.37. The stock has a market cap of $59.93 billion and a P/E ratio of 12.78. Basf has a 1 year low of €57.35 ($66.69) and a 1 year high of €90.02 ($104.67).

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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