Basf (ETR:BAS) Given a €53.00 Price Target at UBS Group

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Basf (ETR:BAS) has been given a €53.00 ($59.55) price target by investment analysts at UBS Group in a report issued on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price objective would indicate a potential upside of 3.82% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Sanford C. Bernstein set a €53.00 ($59.55) price target on Basf and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. set a €45.00 ($50.56) target price on Basf and gave the company a “neutral” rating in a research report on Monday. Warburg Research set a €52.00 ($58.43) target price on Basf and gave the company a “neutral” rating in a research report on Monday. Jefferies Financial Group set a €66.00 ($74.16) target price on Basf and gave the company a “buy” rating in a research report on Monday. Finally, Credit Suisse Group set a €53.00 ($59.55) target price on Basf and gave the company a “neutral” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. Basf has a consensus rating of “Hold” and an average target price of €53.53 ($60.15).

ETR BAS opened at €51.05 ($57.36) on Tuesday. The firm has a market capitalization of $46.00 billion and a P/E ratio of 5.95. The business has a fifty day simple moving average of €51.17 and a 200 day simple moving average of €52.77. Basf has a 12 month low of €37.36 ($41.97) and a 12 month high of €72.17 ($81.09). The company has a current ratio of 1.62, a quick ratio of 0.93 and a debt-to-equity ratio of 52.95.

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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