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

Basf Se (OTCMKTS:BASFY) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company.

BASFY has been the topic of a number of analyst reports. Citigroup initiated coverage on Basf in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Berenberg Bank downgraded shares of Basf from a “hold” rating to a “sell” rating in a research report on Tuesday, October 14th. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th.

Basf Stock Performance

Shares of OTCMKTS BASFY opened at $13.17 on Monday. The stock’s fifty day simple moving average is $12.57 and its 200 day simple moving average is $12.64. The stock has a market capitalization of $47.02 billion, a price-to-earnings ratio of 131.71 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Basf has a 52-week low of $10.57 and a 52-week high of $14.76.

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 comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.