Basf (BASFY) Rating Increased to Hold at HSBC

Basf (OTCMKTS:BASFY) was upgraded by research analysts at HSBC from a “reduce” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other brokerages have also issued reports on BASFY. UBS Group lowered shares of Basf from a “buy” rating to a “neutral” rating in a research note on Thursday, December 7th. Zacks Investment Research lowered shares of Basf from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. ValuEngine lowered shares of Basf from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. JPMorgan Chase & Co. lowered shares of Basf from an “overweight” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Berenberg Bank raised shares of Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Basf has a consensus rating of “Hold” and a consensus target price of $31.00.

Shares of Basf (BASFY) traded down $0.06 during midday trading on Tuesday, reaching $26.58. 48,781 shares of the company traded hands, compared to its average volume of 171,828. The company has a market capitalization of $96,222.06, a price-to-earnings ratio of 16.93, a PEG ratio of 1.44 and a beta of 1.08. Basf has a fifty-two week low of $22.98 and a fifty-two week high of $30.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.29 and a current ratio of 1.99.

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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)

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