BASF SE's (BASFY) stocks have seen mixed sentiments in recent times. Its stock price crossed above 200-day moving average. Despite launching innovative technology in the personal care unit,
2024 earnings missed estimates due to impairments, leading to a reduced profit forecast. Investors responded with shock as there was an unexpected surge in BASF's stock price. Even as Berenberg maintained a buy rating, the company cut dividends amid structural overhaul. Meanwhile, poor financial prospects further pulled down
BASF SE. The company also saw a continued decline in stock performance amidst market challenges, though their solid earnings have been accounted conservatively. However, Goldman Sachs raised BASF stock PT, upgrading it to a
Buy status. Unfortunately, investors have lost value over the last three and five years. The company is also facing a looming European energy crisis as a potential catalyst for major changes. Despite these challenges,
BASF announced a partnership with ENGIE and BMW for sustainable initiatives and speculated changes in its structure. BASF also signed an agreement to divest its oil and gas activities. Despite experiencing considerable stock adjustment due to various factors, BASF's earnings still remains solid.
BASF Stocks News Analytics from Sun, 17 Mar 2024 07:00:00 GMT to Sat, 25 Jan 2025 18:54:24 GMT -
Rating -3
- Innovation 2
- Information 7
- Rumor -5
