The BASF stock price in Germany is currently on the rise. The recent price was 42.46 Euros, which is an increase of 25 cents. The stock is performing better than the overall market, as indicated by the DAX index. The DAX is currently at 19,247 points, showing a 1.28% increase from the previous trading day. However, it’s essential to note that the current BASF stock price is not the highest in the history of the company. On January 19, 2018, the stock was worth 56.34 Euros more.
BASF recently reported a net income of 225.00 million Euros, with total revenue of 68.90 billion Euros. This financial performance indicates the company’s stability and growth in the market. Comparing BASF’s stock price and performance to its competitors like Bayer, Dupont De Nemours, and Monsanto, we can see that BASF has a market capitalization of 37.9 billion Euros, making it a significant player in the industry.
Analysts have been closely monitoring BASF’s stock, with some providing positive outlooks for the future. Jefferies upgraded BASF from “Hold” to “Buy” and raised the price target from 43 to 53 Euros. Analysts believe that BASF is undergoing a significant strategic transformation, which could lead to long-term growth and success. On the other hand, UBS maintained a “Neutral” rating for BASF with a price target of 47 Euros. The company’s CEO highlighted the positive momentum in the core business during the third quarter, indicating a strong performance.
Overall, the outlook for BASF seems optimistic, with potential for further growth and development in the coming years. Investors and analysts are closely watching the company’s strategic moves and financial performance to gauge its future prospects in the market. It will be interesting to see how BASF navigates through industry challenges and capitalizes on new opportunities to sustain its growth trajectory.
