Basf (BASFY) Raised to “Hold” at HSBC

Basf (OTCMKTS:BASFY) was upgraded by equities research analysts at HSBC from a “reduce” rating to a “hold” rating in a report issued on Tuesday, Marketbeat.com reports.

Several other research analysts have also recently weighed in on the company. UBS Group cut Basf from a “buy” rating to a “neutral” rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. cut Basf from an “overweight” rating to a “neutral” rating in a research report on Monday, January 8th. Zacks Investment Research cut Basf from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Berenberg Bank upgraded Basf from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. Finally, ValuEngine cut Basf from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Basf currently has an average rating of “Hold” and an average target price of $31.00.

Shares of Basf (OTCMKTS BASFY) opened at $27.12 on Tuesday. Basf has a 12 month low of $22.98 and a 12 month high of $30.22. The company has a quick ratio of 1.29, a current ratio of 1.99 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $97,866.18, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.47 and a beta of 1.08.

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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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