Goldman Sachs Group set a €66.00 ($76.74) target price on Basf (ETR:BAS) in a research report sent to investors on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.
Other equities research analysts also recently issued reports about the company. DZ Bank restated a neutral rating on shares of Basf in a research report on Friday, July 26th. Kepler Capital Markets set a €60.00 ($69.77) target price on Basf and gave the stock a neutral rating in a research report on Friday, June 28th. Baader Bank set a €59.00 ($68.60) target price on Basf and gave the stock a neutral rating in a research report on Thursday, July 25th. Barclays set a €66.00 ($76.74) target price on Basf and gave the stock a neutral rating in a research report on Wednesday, July 31st. Finally, Independent Research set a €65.00 ($75.58) target price on Basf and gave the stock a neutral rating in a research report on Friday, July 26th. Sixteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of €68.45 ($79.60).
BAS opened at €56.20 ($65.35) on Tuesday. The company has a market capitalization of $51.62 billion and a price-to-earnings ratio of 5.50. The company has a debt-to-equity ratio of 51.50, a current ratio of 1.69 and a quick ratio of 0.98. Basf has a 1-year low of €56.16 ($65.30) and a 1-year high of €81.77 ($95.08). The business has a 50 day moving average price of €60.66 and a two-hundred day moving average price of €64.57.
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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