Here are the results of Jefferies & Company Inc.’s detailed review of BASF stock.
The analysis house Jefferies has raised the price target for BASF from 39 to 41 euros, but left the rating at “underperform”. The chemical company is likely to have had a challenging annual result and a similar start to the new year, wrote analyst Chris Counihan in a study available on Friday. He justified the new price target with higher than previously expected revenue from the oil and gas subsidiary Wintershall./edh/gl
Stock Check: A detailed look at the performance of BASF shares at the time of the analysis
At 12:48 p.m., BASF shares fell. In XETRA trading, the paper fell by 2.3 percent to EUR 46.59. This means that the stock still has room for decline of 12.00 percent based on the set price target. So far, 1,281,065 BASF shares have changed hands in XETRA trading. Since the beginning of 2024, the share price has fallen by 4.5 percent. The BASF balance sheet for Q4 2023 is expected on February 23, 2024.
NEW YORK (dpa-AFX Analyzer) / editorial team finanzen.net
Publication of the original study: January 5th, 2024 / 4:54 a.m. / ET First distribution of the original study: January 5th, 2024 / 4:54 a.m. / ET
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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