Basf (OTCMKTS:BASFY) Raised to “Hold” at Berenberg Bank

Basf (OTCMKTS:BASFY) was upgraded by research analysts at Berenberg Bank from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports.

A number of other research analysts have also weighed in on BASFY. Zacks Research lowered shares of Basf from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft cut shares of Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, DZ Bank cut shares of Basf from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Basf Stock Performance

Shares of Basf stock opened at $14.60 on Tuesday. Basf has a twelve month low of $10.75 and a twelve month high of $15.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82. The business has a 50-day moving average price of $13.52 and a 200-day moving average price of $13.03.

Basf Company Profile

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.