JPMorgan Chase & Co. cut shares of Basf (OTCMKTS:BASFY) from an overweight rating to a neutral rating in a research note published on Monday morning, Marketbeat.com reports.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Basf from a hold rating to a buy rating and set a $31.00 price objective on the stock in a report on Tuesday, November 28th. Berenberg Bank upgraded Basf from a hold rating to a buy rating in a report on Wednesday, November 22nd. ValuEngine downgraded Basf from a buy rating to a hold rating in a report on Wednesday, October 18th. UBS Group downgraded Basf from a buy rating to a neutral rating in a report on Thursday, December 7th. Finally, Goldman Sachs Group upgraded Basf from a sell rating to a neutral rating in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Basf has an average rating of Hold and an average price target of $31.00.

Shares of Basf (OTCMKTS BASFY) opened at $27.86 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.99 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $104,400.00, a price-to-earnings ratio of 64.79, a P/E/G ratio of 1.77 and a beta of 1.11. Basf has a 1-year low of $22.98 and a 1-year high of $28.69.

TRADEMARK VIOLATION WARNING: “Basf (BASFY) Stock Rating Lowered by JPMorgan Chase & Co.” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dailypolitical.com/2018/01/10/basf-basfy-stock-rating-lowered-by-jpmorgan-chase-co.html.

Basf Company Profile

BASF SE is a chemical company. The Company operates through five segments, which include Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. The Performance Products segment consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health, and Performance Chemicals divisions.

Analyst Recommendations for Basf (OTCMKTS:BASFY)

Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.