Basf (OTCMKTS:BASFY) Cut to Hold at Berenberg Bank

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

BASFY has been the subject of several other research reports. Jefferies Financial Group raised Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group raised shares of Basf from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. One equities 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 company. Based on data from MarketBeat.com, Basf presently has an average rating of “Hold”.

Basf Stock Up 0.3 %

OTCMKTS:BASFY opened at $12.55 on Tuesday. Basf has a one year low of $10.57 and a one year high of $14.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. The company has a market cap of $44.80 billion, a PE ratio of 78.44, a P/E/G ratio of 2.38 and a beta of 1.19. The firm’s 50 day simple moving average is $11.63 and its 200 day simple moving average is $11.91.

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.