Basf (OTCMKTS:BASFY) Downgraded by Berenberg Bank to “Hold”

Berenberg Bank cut shares of Basf (OTCMKTS:BASFY) from a buy rating to a hold rating in a report issued on Tuesday morning, MarketBeat reports.

Other analysts have also issued reports about the company. The Goldman Sachs Group raised Basf from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. Jefferies Financial Group raised Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Basf Trading Down 1.4 %

Shares of BASFY stock opened at $13.16 on Tuesday. 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 has a 1 year low of $10.57 and a 1 year high of $14.89. The stock has a fifty day moving average of $11.57 and a two-hundred day moving average of $11.89. The firm has a market capitalization of $46.98 billion, a PE ratio of 82.26, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.

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.