Basf (ETR:BAS) Given a €63.50 Price Target by Warburg Research Analysts

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Warburg Research set a €63.50 ($73.84) price objective 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.

BAS has been the topic of several other research reports. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group reiterated a buy rating and set a $30.00 price objective on shares of Amarin in a report on Tuesday, July 9th. 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. DZ Bank reiterated a neutral rating on shares of Basf in a report on Tuesday, July 9th. Finally, Berenberg Bank set a €54.50 ($63.37) price objective on Vonovia and gave the company a buy rating in a report on Wednesday. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of €72.40 ($84.19).

ETR:BAS opened at €60.22 ($70.02) on Thursday. Basf has a fifty-two week low of €57.35 ($66.69) and a fifty-two week high of €84.91 ($98.73). The company has a debt-to-equity ratio of 57.58, a current ratio of 1.84 and a quick ratio of 0.76. The company has a market cap of $55.31 billion and a PE ratio of 12.51. The company’s 50-day simple moving average is €61.45.

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.

See Also: What is the Quick Ratio?

Analyst Recommendations for Basf (ETR:BAS)

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