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

Basf (ETR:BAS – Get Rating) has been assigned a €55.00 ($58.51) target price by analysts at Berenberg Bank in a note issued to investors on Wednesday, Borsen Zeitung reports. Berenberg Bank’s target price would indicate a potential upside of 13.81% from the company’s current price.

A number of other brokerages also recently issued reports on BAS. JPMorgan Chase & Co. set a €55.00 ($58.51) price objective on shares of Basf in a research report on Friday, February 24th. UBS Group set a €40.00 ($42.55) price target on shares of Basf in a research note on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft set a €60.00 ($63.83) target price on shares of Basf in a research note on Friday, February 24th. Baader Bank set a €53.00 ($56.38) target price on shares of Basf in a research note on Friday, February 24th. Finally, Credit Suisse Group set a €44.00 ($46.81) price target on shares of Basf in a report on Monday.

Basf Trading Down 0.1 %

ETR:BAS opened at €48.33 ($51.41) on Wednesday. The company has a debt-to-equity ratio of 45.47, a current ratio of 1.72 and a quick ratio of 1.02. The firm has a 50-day moving average of €51.15 and a 200-day moving average of €46.97. The company has a market cap of $43.18 billion, a PE ratio of 8.59, a PEG ratio of -1.35 and a beta of 1.33. Basf has a one year low of €37.90 ($40.32) and a one year high of €66.15 ($70.37).

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.