Basf Se (OTCMKTS:BASFY) Receives Consensus Recommendation of “Hold” from Brokerages

by · The Markets Daily

Basf Se (OTCMKTS:BASFY – Get Free Report) has received a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company.

A number of brokerages have recently commented on BASFY. Deutsche Bank Aktiengesellschaft cut shares of Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Citigroup started coverage on Basf in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Berenberg Bank cut Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th.

Check Out Our Latest Report on Basf

Basf Stock Performance

OTCMKTS BASFY opened at $13.34 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $12.81 and its 200-day simple moving average is $12.78. The company has a market cap of $47.46 billion, a PE ratio of 133.41 and a beta of 0.83. Basf has a 1-year low of $10.75 and a 1-year high of $14.76.

Basf Company Profile

(Get Free Report)

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.

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