In a series of notable shifts, BASF's stock price has created a buzz among investors. With investors uncertain about whether now is a good time to invest, despite a maintained 'Buy' rating from Berenberg and an upgrade from Goldman Sachs, its stock has reportedly hit a new 12-month low. This is driven by a shareholder structure dilemma, an intended IPO for its agricultural business, a concerning 8.8% loss encountered by shareholders over a five-year span, and an impending European energy crisis.
Even though there has been a significant rise, the supposed weak financials have raised concerns among shareholders. Amidst all these, there have been talks about selling short interest and slashing dividends due to a structural overhaul. This is further compounded by weak cash flow and a decrease in Q2 profit by 14% due to increased input costs.
BASF India's shares have reportedly dropped by 3.81% but surprisingly got an upgrade due to improved chemical spreads. A new product launch and the divulgence of demerger plans have driven share prices up.
BASF is attempting to reduce plastic pollution as a part of its goals, and its new corporate strategy has boosted its share prices. Overall, despite significant shortcomings, influential financial firms still see the potential in BASF's future outlook.
BASF Stocks News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Thu, 02 Jan 2025 13:12:02 GMT - Rating -2 - Innovation -4 - Information 8 - Rumor -6