Basf (OTCMKTS:BASFY) Lowered to Hold Rating by Berenberg Bank

Berenberg Bank lowered shares of Basf (OTCMKTS:BASFY) from a buy rating to a hold rating in a report published on Tuesday, Marketbeat reports.

Several other brokerages also recently issued reports on BASFY. Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. The Goldman Sachs Group upgraded shares of Basf from a “neutral” rating to a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Basf Stock Performance

Shares of BASFY opened at $12.55 on Tuesday. The firm has a market capitalization of $44.80 billion, a P/E ratio of 78.44, a P/E/G ratio of 2.38 and a beta of 1.19. Basf has a 52 week low of $10.57 and a 52 week high of $14.89. The stock has a 50 day moving average price of $11.63 and a two-hundred day moving average price of $11.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.03 and a current ratio of 1.87.

Basf Company Profile

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.