Over the past months, BASF's stock has shown some significant changes. The stock price has crossed above the two hundred day moving average and jumped 10.9%. Despite this, Citi maintains a neutral rating with a EUR51.00 target. BASF has been investing in sustainability by installing a photovoltaic system and investing in a new alcoholates plant at their Ludwigshafen site. They've also partnered with Boortmalt to produce Europe's first verified impact units. However, the company's shares indicated a 3% lower as impairments dragged earnings lower, and decided to reduce its dividend to €2.25, sparking a negative reaction from the investors. Berenberg Bank lowered BASF's stock rating. The company has also announced the listing of its Agricultural Chemicals Unit in US or Germany and pitching banks for potential agri chemicals unit IPO. It's important to note that BASF is still considered undervalued. Amid these changes, investors have unfortunately lost 14% over the last five years.
BASF Stocks News Analytics from Sat, 22 Jun 2024 07:00:00 GMT to Sat, 08 Mar 2025 04:51:15 GMT - Rating 2 - Innovation -3 - Information 7 - Rumor -1