BASF stock trades 9.12 percent below its 52-week high

Published on 09/28/2026 at 15:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BASF stock faces a possible Evonik takeover after exploratory talks confirmed on September 25, 2026. Q2 sales reached EUR 17.2 billion and EBITDA before special items hit EUR 2.4 billion.

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BASF stock (ISIN DE000BASF111) was trading at EUR 50.03 on Xetra on September 28, 2026, 9.12 percent below its 52-week high of EUR 55.05. The immediate catalyst is BASF's confirmation of exploratory talks about a possible takeover of Evonik, a move that has placed strategic expansion beside weak chemical demand and higher energy costs.

Evonik talks reshape the debate

According to BASF on September 25, 2026, the company is discussing a potential transaction with Evonik and its major shareholder, RAG-Stiftung. BASF said the progress and outcome of the exploratory talks remain open.

Reuters wrote on September 28, 2026, that the deal could cost EUR 15.0 billion including debt, while investors appeared cautious. The strategic case rests on scale and portfolio logic, but the transaction would also add execution risk during a difficult industry cycle.

Q2 figures support the strategy

In second-quarter 2026, BASF sales rose 16 percent to EUR 17.2 billion, according to Packaging MEA on September 2, 2026. Prices contributed 11.5 percent and volumes added 7.3 percent, giving the revenue increase a quantified operating base.

EBITDA before special items increased by EUR 854.0 million to EUR 2.4 billion in the quarter. BASF also raised its 2026 guidance for EBITDA before special items to EUR 6.9-7.7 billion from EUR 6.2-7.0 billion, while its free-cash-flow guidance stayed at EUR 1.5-2.3 billion.

Analysts set competing reference points

Frankfurt Stock Exchange reported on September 28, 2026, that JPMorgan kept BASF at Underweight with a EUR 40.00 price target. That view contrasts with MarketScreener, which said on September 22, 2026, that Bernstein raised its target from EUR 62.00 to EUR 63.00 and maintained Outperform.

The next scheduled reporting checkpoint is October 28, 2026, when BASF is listed to publish its third-quarter 2026 results, according to MarketScreener. That date will test whether the second-quarter price and volume gains can continue while investors assess the Evonik strategy.

BASF stock stays below its yearly high

BASF stock was trading at EUR 50.03 on Xetra at 3:03 p.m. CEST on September 28, 2026, down 0.77 percent from the prior close of EUR 50.42. The session range was EUR 49.46 to EUR 50.70, the 52-week range was EUR 41.48 to EUR 55.05, market capitalization was EUR 43.1 billion, and volume was 898,300 shares.