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BASF analysis: Warburg Research examines shares before quarterly figures
"BASF share analysis: Warburg Research rates Hold. Price target of 42.50 euros remains. Find out more about analyst Oliver Schwarz's assessment. #BASF #Aktienanalyse #WarburgResearch"
BASF analysis: Warburg Research examines shares before quarterly figures
BASF share analysis: Warburg Research rated Hold April 22, 2024
BASF shares were recently subjected to an in-depth review by analyst Oliver Schwarz of Warburg Research. Before publishing the figures for the first quarter, the analysis firm maintained its “Hold” rating for BASF and set a price target of EUR 42.50. According to Schwarz, the chemical company may have had a slow start to the year, but given the demand in the chemical sector, especially in China, there may already be “a light at the end of the tunnel”.
The BASF share was up 0.7 percent at EUR 50.79 during the XETRA session. This suggests that the financial paper still has room for a decline of 16.32 percent compared to the set price target. To date, 513,738 BASF shares have been traded and the stock has increased 4.1 percent since the beginning of 2024. BASF is scheduled to present its results for the first quarter of 2024 on April 25, 2024.
The original study was published on April 22, 2024 at 08:15 CEST, without specifying the date and time of initial distribution. It should be noted that further information on the obligation to disclose conflicts of interest in the sense of applicable law can be found on the website of the analyst firm mentioned.
It is expected that BASF's stock performance moving forward could be influenced by various factors, including the company's first quarter 2024 results and the general situation in international markets. Investors should therefore keep a close eye on future developments in order to make informed decisions.