JPMorgan Chase & Co. Reiterates “€55.00” Price Target for Basf (ETR:BAS)

JPMorgan Chase & Co. set a €55.00 ($56.12) price objective on Basf (ETR:BASGet Rating) in a research report report published on Tuesday, Borsen Zeitung reports.

Several other research analysts have also weighed in on the company. Jefferies Financial Group set a €47.00 ($47.96) target price on Basf in a research report on Monday. Warburg Research set a €60.00 ($61.22) price objective on Basf in a report on Tuesday, August 16th. The Goldman Sachs Group set a €52.00 ($53.06) price objective on Basf in a report on Friday, September 2nd. Barclays set a €63.00 ($64.29) price objective on Basf in a report on Thursday, July 28th. Finally, Sanford C. Bernstein set a €77.00 ($78.57) price objective on Basf in a report on Monday.

Basf Stock Down 1.6 %

Shares of Basf stock opened at €44.21 ($45.11) on Tuesday. The stock has a 50-day moving average price of €42.71 and a 200 day moving average price of €47.75. The company has a market cap of $40.61 billion and a P/E ratio of 7.46. The company has a current ratio of 1.63, a quick ratio of 1.02 and a debt-to-equity ratio of 55.10. Basf has a 1 year low of €39.33 ($40.13) and a 1 year high of €69.15 ($70.56).

About Basf

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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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