Basf (ETR:BAS) Given a €66.00 Price Target at Independent Research

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Independent Research set a €66.00 ($76.74) price objective on Basf (ETR:BAS) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

BAS has been the topic of several other reports. Goldman Sachs Group raised shares of DUFRY AG/ADR to a hold rating in a report on Friday, July 5th. Berenberg Bank set a €54.50 ($63.37) price target on shares of Vonovia and gave the company a buy rating in a report on Wednesday. Deutsche Bank reaffirmed a buy rating and issued a GBX 3,400 ($44.43) price target on shares of in a report on Tuesday, July 9th. JPMorgan Chase & Co. upped their price target on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a report on Friday, July 5th. Finally, Credit Suisse Group initiated coverage on shares of LTC Properties in a report on Wednesday. They issued an underperform rating and a $19.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of €72.40 ($84.19).

BAS opened at €60.22 ($70.02) on Wednesday. The firm has a market capitalization of $55.31 billion and a PE ratio of 12.51. The company has a fifty day moving average of €61.45. The company has a quick ratio of 0.76, a current ratio of 1.84 and a debt-to-equity ratio of 57.58. Basf has a 12-month low of €57.35 ($66.69) and a 12-month high of €84.91 ($98.73).

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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