Investment note for BASF shares: New analysis from Baader Bank

According to preliminary annual figures, Baader Bank has left BASF on “Add” with a price target of 53 euros. The chemical company performed even weaker than planned and expected by the market, wrote analyst Konstantin Wiechert in a study available on Friday. He particularly referred to the operating result (EBIT) that was almost halved in the final quarter compared to the previous quarter. In addition, the free cash inflow was disappointing, which at 2.7 billion euros was below the 3.0 billion required for a stable dividend distribution. Wiechert still assumes that 2.7 billion is still good enough to keep the dividend stable this year./gl/ajx

From price target to trading volume: The BASF share on the day of the detailed analysis

BASF’s stock was able to climb at 11:06 a.m. and rose by 0.3 percent to EUR 43.77 in XETRA trading. The share therefore still shows an upside potential of 21.09 percent based on the specified price target. So far today, 795,496 BASF shares have been traded. Since the beginning of 2024, the share price has fallen by 10.3 percent. The next balance sheet presentation is expected to take place on February 23, 2024.

MUNICH (dpa-AFX Analyzer) / editorial team finanzen.net

Publication of the original study: January 19, 2024 / 08:40 / CET First time distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of 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.

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