DZ Bank Reiterates “Neutral” Rating for Basf (ETR:BAS)
Basf (ETR:BAS)‘s stock had its “neutral” rating reaffirmed by stock analysts at DZ Bank in a research report issued on Tuesday, Borsen Zeitung reports.
BAS has been the subject of a number of other reports. UBS Group initiated coverage on Chewy in a research report on Tuesday. They issued a “buy” rating and a $42.00 target price for the company. Kepler Capital Markets reaffirmed a “hold” rating on shares of Continental in a research report on Friday, June 28th. Credit Suisse Group set a $77.00 target price on Monster Beverage and gave the company a “buy” rating in a research report on Friday, May 3rd. Goldman Sachs Group raised DUFRY AG/ADR to a “hold” rating in a research report on Friday, July 5th. Finally, Independent Research set a €70.00 ($81.40) target price on Basf and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Basf has a consensus rating of “Hold” and an average price target of €72.40 ($84.19).
Basf stock traded down €0.62 ($0.72) during midday trading on Tuesday, reaching €59.50 ($69.19). The stock had a trading volume of 2,806,825 shares, compared to its average volume of 2,920,000. Basf has a 12 month low of €57.35 ($66.69) and a 12 month high of €84.91 ($98.73). The company has a market cap of $54.69 billion and a P/E ratio of 12.36. The business has a fifty day moving average price of €61.51. The company has a debt-to-equity ratio of 57.58, a current ratio of 1.84 and a quick ratio of 0.76.
BASF SE operates as a chemical company worldwide. It 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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