Basf (ETR:BAS) PT Set at €85.00 by Deutsche Bank

Basf (ETR:BAS) has been assigned a €85.00 ($98.84) price objective by stock analysts at Deutsche Bank in a report issued on Tuesday, May 7th, Borsen Zeitung reports. The firm currently has a “buy” rating on the basic materials company’s stock. Deutsche Bank’s price target would indicate a potential upside of 42.69% from the stock’s previous close.

A number of other brokerages also recently issued reports on BAS. JPMorgan Chase & Co. set a €78.00 ($90.70) target price on Basf and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Baader Bank set a €65.00 ($75.58) target price on Basf and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Sanford C. Bernstein set a €66.00 ($76.74) price target on Basf and gave the stock a “neutral” rating in a report on Friday, May 3rd. Independent Research set a €74.00 ($86.05) price target on Basf and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Credit Suisse Group set a €78.00 ($90.70) price target on Basf and gave the stock a “buy” rating in a report on Friday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Basf currently has an average rating of “Hold” and a consensus target price of €75.55 ($87.85).

Shares of ETR:BAS traded down €0.32 ($0.37) on Tuesday, hitting €59.57 ($69.27). 4,394,918 shares of the company’s stock were exchanged, compared to its average volume of 2,920,000. The company has a debt-to-equity ratio of 57.58, a quick ratio of 0.76 and a current ratio of 1.84. The stock has a market cap of $54.71 billion and a P/E ratio of 12.38. Basf has a 1-year low of €57.35 ($66.69) and a 1-year high of €90.02 ($104.67).

About Basf

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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