Basf (ETR:BAS) received a €54.00 ($60.67) target price from Goldman Sachs Group in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Goldman Sachs Group’s price target points to a potential upside of 5.78% from the company’s previous close.
Other analysts also recently issued reports about the stock. Berenberg Bank set a €47.00 ($52.81) price target on shares of Basf and gave the company a “neutral” rating in a report on Friday, June 5th. Barclays set a €51.00 ($57.30) price target on shares of Basf and gave the company a “neutral” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. set a €45.00 ($50.56) price target on shares of Basf and gave the company a “neutral” rating in a report on Monday. Independent Research set a €52.00 ($58.43) price target on shares of Basf and gave the company a “neutral” rating in a report on Monday. Finally, Deutsche Bank set a €65.00 ($73.03) price objective on shares of Basf and gave the company a “buy” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of €53.53 ($60.15).
Shares of Basf stock opened at €51.05 ($57.36) on Tuesday. The company has a debt-to-equity ratio of 52.95, a current ratio of 1.62 and a quick ratio of 0.93. Basf has a fifty-two week low of €37.36 ($41.97) and a fifty-two week high of €72.17 ($81.09). The firm has a fifty day moving average price of €51.17 and a two-hundred day moving average price of €52.77. The company has a market cap of $46.00 billion and a PE ratio of 5.95.
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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