BASF, a leading global chemical company, is seen registering a steady momentum in valuation with the launch of a significant Steam cracker at its new Zhanjiang Verbund site. Furthermore, its megaproject milestone with
Fluor is eyeing a reformation in Global EPC Contracts. Nevertheless, the shares of BASF see a consensus 'hold' rating from brokerages. In light of enhancing its stock price, BASF brings forward its share buyback program while selling its optical brightening agent business to
Catexel. Even though an old-school giant, BASF progressively becomes a sleeper power play. Shares have been reassessed after recent gains and ongoing strategy shift. Partnering with
OQEMA and
Equinor, the company continues to explore new territories. Traders and investors speculate a potential buying opportunity within months due to a possible rating upgrade. Meanwhile, its €1.0B one-off loss questions the quality of earnings. The company's new president and CEO,
Heather Remley, is expected to drive growth while BASF looks forward to a Frankfurt listing for Agricultural Solutions IPO. Despite the recent price cuts by JPMorgan and Berenberg, BASF remains a viable dividend stock.
BASF Stocks News Analytics from Wed, 07 Aug 2024 12:02:04 GMT to Sat, 10 Jan 2026 21:38:55 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor 2
