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Current analysis: Baader Bank rates BASF shares at Add
Baader Bank analyzes BASF shares: target price of 53 euros. Discover the results of the investigation on April 25, 2024. #BaaderBank #BASF #stock analysis
Current analysis: Baader Bank rates BASF shares at Add
Baader Bank has carried out a comprehensive analysis of BASF shares and has come to the following conclusions. After the quarterly figures, the bank left the shares at “Add” with a price target of 53 euros. According to analyst Konstantin Wiechert, the chemical company got off to a strong start to the year, although he expressed a certain degree of caution in view of the inventory build-up for the current quarter and the year as a whole.
On the day of the detailed investigation, the BASF share price fell by 1.7 percent to EUR 50.44 in the XETRA session. However, there is still an upside potential of 5.08 percent based on the set price target. Since the beginning of 2024, the share has increased by 3.4 percent. Financial results for the first quarter of 2024 are expected on April 25, 2024.
Baader Bank is optimistic about the future of BASF shares and reiterates its assessment with an “Add” rating. The stock has already shown positive performance this year and investors are eagerly awaiting the upcoming financial results. It remains to be seen how BASF shares will develop in the coming quarters.