Basf (ETR:BAS) Given a €77.00 Price Target at Deutsche Bank

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Basf (ETR:BAS) has been given a €77.00 ($89.53) price target by stock analysts at Deutsche Bank in a research note issued to investors on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the basic materials company’s stock. Deutsche Bank’s price target would indicate a potential upside of 23.18% from the stock’s previous close.

A number of other brokerages have also recently weighed in on BAS. Baader Bank set a €77.00 ($89.53) price target on shares of Basf and gave the company a “buy” rating in a research report on Monday, January 20th. Kepler Capital Markets set a €61.00 ($70.93) price target on shares of Basf and gave the company a “neutral” rating in a research report on Tuesday, February 4th. UBS Group set a €68.00 ($79.07) price target on shares of Basf and gave the company a “neutral” rating in a research report on Monday, February 10th. Barclays set a €66.00 ($76.74) price target on shares of Basf and gave the company a “neutral” rating in a research report on Tuesday, December 17th. Finally, Sanford C. Bernstein set a €55.00 ($63.95) price target on shares of Basf and gave the company a “neutral” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. Basf currently has an average rating of “Hold” and an average target price of €65.31 ($75.94).

Shares of BAS stock opened at €62.51 ($72.69) on Thursday. The stock has a market cap of $57.41 billion and a price-to-earnings ratio of 6.31. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 48.41. Basf has a fifty-two week low of €55.64 ($64.70) and a fifty-two week high of €74.61 ($86.76). The firm’s 50 day moving average price is €64.56 and its two-hundred day moving average price is €64.66.

About Basf

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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