Basf (OTCMKTS:BASFY) Price Target Lowered to €55.00 at Deutsche Bank Aktiengesellschaft

Basf (OTCMKTS:BASFYGet Rating) had its price target reduced by Deutsche Bank Aktiengesellschaft from €60.00 ($61.86) to €55.00 ($56.70) in a research note released on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the basic materials company’s stock.

Other research analysts have also recently issued reports about the stock. Berenberg Bank decreased their target price on shares of Basf from €62.00 ($63.92) to €55.00 ($56.70) and set a hold rating for the company in a report on Monday. Stifel Nicolaus cut shares of Basf from a buy rating to a hold rating in a report on Wednesday, April 13th. Morgan Stanley decreased their target price on shares of Basf from €62.00 ($63.92) to €59.00 ($60.82) and set an equal weight rating for the company in a report on Friday, July 29th. Finally, UBS Group cut shares of Basf from a neutral rating to a sell rating in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Basf has an average rating of Hold and a consensus price target of $62.92.

Basf Stock Up 0.1 %

Shares of Basf stock opened at $11.09 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.70. The stock has a market capitalization of $40.75 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 0.46 and a beta of 1.19. Basf has a 52-week low of $9.99 and a 52-week high of $20.50. The company has a 50-day simple moving average of $11.81 and a two-hundred day simple moving average of $14.28.

Basf Company Profile

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BASF SE operates as a chemical company worldwide. The company 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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