Basf (OTCMKTS:BASFY) Stock Rating Lowered by Berenberg Bank

Basf (OTCMKTS:BASFY - Get Free Report) was downgraded by Berenberg Bank from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday, MarketBeat.com reports.

BASFY has been the subject of a number of other research reports. The Goldman Sachs Group upgraded Basf from a "neutral" rating to a "buy" rating in a research report on Monday, November 11th. Jefferies Financial Group upgraded Basf from a "hold" rating to a "buy" rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold".

Basf Price Performance

BASFY stock traded up $0.15 during mid-day trading on Tuesday, reaching $12.70. 110,203 shares of the company traded hands, compared to its average volume of 258,444. Basf has a 52-week low of $10.57 and a 52-week 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 capitalization of $45.34 billion, a P/E ratio of 79.38, a P/E/G ratio of 2.26 and a beta of 1.19. The company has a fifty day moving average price of $11.65 and a 200-day moving average price of $11.92.

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.