Accueil > Actualité
Actualite financiere : Actualite bourse

BASF: Stiffel still on hold

(CercleFinance.com) - Stifel is maintaining its "Hold" rating on BASF shares, although has reduced its target price for them to 50 euros (from 56 euros).


"We have become more cautious about macroeconomic trends," explains the analyst to justify lowering his price target "based on expected earnings for 2023.

Stifel expects the decline in demand in Europe to accelerate. "In addition, upstream price pressure is evident".

However, the analyst says, "what is bad for earnings should turn out to be positive for FCF generation".

Finally, the share price seems to have stabilised at a low level. "The current share price reflects EPS of EUR 5.3 and EBITDA of EUR 9.0bn, which is 10% and 7%, respectively, below our forecast for 2023," the analyst says.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.