BASF shares have faced a number of ups and downs, with news of a
dividend cut for the next four years causing a drop, while planned expansions in the
coatings business and
Agricultural Solutions unit drove some increase. The
overhaul of non-core assets seems to be a long-term strategy to strengthen the company's financial performance. While the company’s decision to lower its 2025 dividend proposal created concerns,
structural overhaul plans and steps towards
bio-based Ethyl Acrylate have incited investor optimism. Complaints of
financial performance misses and stagnant earnings continue, with the
P/S ratio causing some surprise. Despite setbacks, stock market plans for
agrochemicals and the potential progress from global
carbon field trials continue to draw investor interest. Acquisition of a stake in
Harbour Energy and divestment of bioenergy enzymes business to
Lallemand reveal strategic moves resembling continuous streamlining of operations.
BASF’s shares, overall, seem undervalued, but a potential share price correction due to weak financials cannot be ruled out.
BASF Stocks News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Fri, 27 Sep 2024 20:12:50 GMT -
Rating -2
- Innovation 4
- Information -1
- Rumor -2
