Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  BASF    BAS   DE000BASF111

BASF (BAS)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

European stocks see faltering start to 2018 as autos weigh

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/02/2018 | 06:32pm CET
The German share price index, DAX board, is seen at the stock exchange in Frankfurt

European stocks faltered at the start of the trading year on Tuesday as autos stocks fell and strength in the euro weighed, while trading was cautious ahead of the launch of a major reform of European Union financial markets.

The pan-European STOXX 600 <.STOXX> index dipped 0.2 percent, as did euro zone stocks <.STOXXE>.

Autos stocks <.SXAP> were 0.1 percent lower, dented by weaker car registrations data.

New car sales in France fell 0.51 percent in December and the share of new diesel cars dipped below 50 percent for the first time since 2000.

A trader also pointed to a report in Britain's Daily Telegraph citing forecasts that UK car registrations data, due out on Friday, would show a 5 percent decline in new car sales.

Schaeffler (>> Schaeffler) fell 4.9 percent, while BMW (>> Bayerische Motoren Werke) and Volkswagen (>> Volkswagen) were both around 0.5 percent lower, recovering early losses slightly.

Basic resources stocks also bounced back from early declines with the sector index <.SXPP> rising 1.2 percent.

The mining sector built on the five-year high it reached at the end of last week, riding a wave of rising copper and other base metal prices.

Oil, which marked its highest start to the trading year since 2014, supported benchmarks with oil majors across the region rising in concert with crude.

More broadly, trading volumes in European equities remained muted as traders came back from holidays and ahead of the launch of new rules for the region's financial markets.

In other eye-catching moves, Lufthansa (>> Lufthansa Group) slipped 1.4 percent after British Airways owner IAG (>> International Consolidated Airlines Group) agreed to buy Air Berlin's insolvent Austrian airline Niki.

The German carrier had backed out of a deal to buy Niki's assets in mid-December due to competition concerns.

"The circa 20 planes not acquired through Niki are a loss but not significant for the Lufthansa investment case from our point of view," said Bernstein analysts.

Germany-listed shares in South African retailer Steinhoff <SNHG.DE> surged 10 percent to the top of the STOXX, despite the firm saying its 2015 results would also have to be restated. The company also said its internal review of accounting irregularities was progressing.

Broker moves also drove trading: an upgrade to "buy" from Sydbank sent wind turbine maker Vestas Wind (>> Vestas Wind Systems) up 2.6 percent after the company secured several new orders.

The Danish bank said a flurry of new orders and less uncertainty in the U.S. market indicated activity in 2018 could be higher than expected.

For the graphic 'Europe's miners at 5-year high', click - http://reut.rs/2CaVart

(Reporting by Helen Reid,; Editing by Matthew Mpoke Bigg and Ed Osmond)

By Helen Reid and Kit Rees

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BASF
07:37a STUDY DATA FROM BASF PROVIDE NEW INS : Report of an...
01/18 BASF : says 2017 adjusted EBIT up 32 percent on basic chemicals
01/18 BASF : Says Sales Rise, Expects Growing Profit
01/18 BASF GROUP : Earnings increase considerably in the 2017 business year and exceed..
01/18 Chemical industry in bid to harness Germany's green power overload
01/18 BASF : Earnings Increase Considerably In The 2017 Business Year And Exceed Analy..
01/18 BASF SE : Earnings increase considerably in the 2017 business year and exceed an..
01/18 DOWDUPONT : Minnesota-specific dicamba training and use requirements
01/17 BASF : Sirrus and BASF to Develop New Class of High Performance Automotive Coati..
01/17 BASF : Two New Members - AmericasStyrenics and BASF - Join the World Plastics Co..
More news
News from SeekingAlpha
01/18 BASF reports 12% rise in sales, 32% jump in operating earnings for 2017
01/16 LYONDELLBASELL : Positive Surprises In 2018
01/15 ROAD TO FINANCIAL INDEPENDENCE : My December 88-Stock Portfolio Review
2017 A New BASF, But Not Overnight And Not A Bargain
2017 BASF names Brudermueller to replace Bock as CEO in May
Financials (€)
Sales 2017 63 689 M
EBIT 2017 7 797 M
Net income 2017 5 398 M
Debt 2017 13 197 M
Yield 2017 3,30%
P/E ratio 2017 16,41
P/E ratio 2018 16,07
EV / Sales 2017 1,59x
EV / Sales 2018 1,57x
Capitalization 88 312 M
Chart BASF
Duration : Period :
BASF Technical Analysis Chart | BAS | DE000BASF111 | 4-Traders
Technical analysis trends BASF
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 99,6 €
Spread / Average Target 3,6%
EPS Revisions
Managers
NameTitle
Kurt W. Bock Chairman-Executive Board
Jürgen Hambrecht Chairman-Supervisory Board
Hans-Ulrich Engel Chief Financial Officer
Martin Brudermüller Chief Technology Officer
Michael Diekmann Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BASF2.01%108 272
GROUPE BRUXELLES LAMBERT5.75%18 746
ROYAL DSM4.08%18 573
EVONIK INDUSTRIES-0.99%18 122
MITSUBISHI CHEMICAL HOLDINGS CORP.-1.19%16 890
SUMITOMO CHEMICAL CO LTD1.95%12 500