BASF SE has been a
focal point in the investment sector. Despite some weak financials, the stock has continued to rise partially due to increased ratings by The
Goldman Sachs Group and
Jefferies who have upgraded the company's stocks to ‘Buy’ from ‘Hold.’ The optimism for BASF's stock extends beyond these investment firms, with
MarketsMOJO also rating it as a 'Strong Buy'. However, BASF India is experiencing a decrease in its profits after tax (PAT). Structural overhauls are leading to a slashing of dividends and a shedding of non-core assets. Despite these issues, guidance for 2024 remains unchanged. The company’s stock price fluctuates, marked by a significant increase in the stock price followed by a subsequent decline of -4.54%. BASF is also focusing on portfolio modification to more
bio-based Ethyl Acrylate, garnering the market's attention. Speculation about far-reaching changes led to a boost in share price as BASF plans on divesting oil and gas activities and disclosed plans to take agricultural business public. BASF India's share performance remains robust despite a recent dip and looks to be promising for the future. The company's stock has been given a ‘Strong Buy’ rating by a leading stock analysis platform due to its long-term performance.
BASF Stocks News Analytics from Thu, 07 Dec 2023 08:00:00 GMT to Sat, 16 Nov 2024 08:17:45 GMT -
Rating 1
- Innovation -1
- Information 3
- Rumor 0
