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BASF analysis from Jefferies: surprising findings
New analysis from Jefferies & Company Inc. on BASF shares: Find out here why the chemical company's results surprise investors. Recommendations for action included.
BASF analysis from Jefferies: surprising findings
BASF shares recently came under close analysis from Jefferies & Company Inc. analyst Chris Counihan. The updated assessment for BASF after the first quarter results is “Underperform” with a price target of 43 euros. Although the chemical group's adjusted operating result (Ebitda) surprised positively, there were both positive and disappointing developments in various business areas such as Chemicals, Materials and Nutrition & Care.
On the day of the detailed analysis, BASF shares rose 0.8 percent to EUR 51.89 at 8:16 a.m. in Frankfurt trading. This means there is still a potential for a decline of 17.13 percent in relation to the set price target. The trading volume to date has been 3,755 BASF shares via Frankfurt. For the year 2024, the share rose by 6.5 percent. The results for the first quarter of 2024 are scheduled to be published by BASF on April 25, 2024.
This analysis was carried out by Jefferies & Company Inc. in New York and published by the finanzen.net editorial team. The original study was presented on April 25, 2024 at 12:56 a.m. ET. Further information on the disclosure obligation in the event of conflicts of interest of the named analyst firm can be found at the URL address provided.
It remains to be seen how BASF shares will develop and whether the announced results for the first quarter of 2024 will meet expectations. Investors will follow what happens with interest in order to make informed decisions.