Warburg Research analyst Oliver Schwarz conducted a thorough analysis of the BASF paper.
The analysis house Warburg Research has upgraded BASF from “Hold” to “Buy” and raised the price target from 51.00 to 52.60 euros. While the chemical company has to fight to reach the lower end of the target range of the operating earnings forecast (Ebitda) before special items in 2024, the sales development seems to be coming to the chemical company’s aid, wrote analyst Oliver Schwarz in a study available on Monday. In China in particular there is a recovery, from the admittedly low level of the previous year. In addition, demand in the USA has increased in recent months.
Stock valuation in detail: The BASF share and its development on the day of the analysis
The BASF share was listed in green in XETRA trading at 11:33 a.m. and gained 3.5 percent to EUR 45.51. In this respect, the share still has an increase prospect of 15.58 percent compared to the analyst forecast. So far, 1,350,580 BASF shares have changed hands in XETRA trading. Looking ahead to 2024, the share price fell by 0.0 percent. BASF is expected to give investors a look at its Q4 2024 balance sheet on February 28, 2025.
HAMBURG (dpa-AFX Analyzer) / editorial team finanzen.net
Publication of the original study: December 9, 2024 / 8:15 a.m. / CET First time distribution of the original study: date not specified in the study / time not specified in the study / CET
Note: Information on the obligation to disclose conflicts of interest within the meaning of Section 85 Para. 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found at http://web.dpa-afx.de/offenstellenpflicht/ disclosure_duty.html.
Selected leverage products on BASF
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on BASF
The leverage must be between 2 and 20
Advertising