Berenberg Bank Analysts Give Basf (ETR:BAS) a €55.00 Price Target

Berenberg Bank set a €55.00 ($56.12) target price on Basf (ETR:BASGet Rating) in a research note issued to investors on Thursday morning, Borsen Zeitung reports.

A number of other research firms have also weighed in on BAS. Barclays set a €63.00 ($64.29) price objective on shares of Basf in a research report on Thursday, July 28th. Sanford C. Bernstein set a €77.00 ($78.57) price objective on shares of Basf in a research report on Monday. Baader Bank set a €53.00 ($54.08) price objective on shares of Basf in a research report on Wednesday, July 27th. UBS Group set a €37.00 ($37.76) target price on shares of Basf in a research report on Thursday, September 15th. Finally, Warburg Research set a €60.00 ($61.22) target price on shares of Basf in a research report on Tuesday, August 16th.

Basf Stock Down 1.7 %

Shares of ETR BAS opened at €41.00 ($41.84) on Thursday. The firm’s 50-day moving average price is €42.87 and its 200-day moving average price is €47.13. The company has a current ratio of 1.63, a quick ratio of 1.02 and a debt-to-equity ratio of 55.10. The stock has a market capitalization of $37.66 billion and a price-to-earnings ratio of 6.93. Basf has a 12-month low of €39.33 ($40.13) and a 12-month 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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