BayWa share price is declining today

BayWa stock price: Current price as of today: €11.28

The share price of BayWa is currently declining and is trading at €11.28 as of today, Friday, August 12, 2023. This represents a decrease of 1.25% compared to the previous close of €11.41.

BayWa share price has been in a downtrend

The BayWa share price has been in a downtrend since reaching a high of €12.10 on July 18, 2023. The stock has since lost 6.8% of its value. The decline in the share price has been attributed to a number of factors, including concerns about the company's exposure to the agricultural sector, which has been hit by rising costs and supply chain disruptions.

The company's financial performance has been mixed

BayWa's financial performance has been mixed in recent quarters. The company reported a 3.5% increase in revenue to €1.4 billion in the first quarter of 2023, but net income declined by 12.2% to €35 million. The company has attributed the decline in net income to higher costs, including energy and raw materials.

Analysts remain bullish on BayWa

Despite the recent decline in the share price, analysts remain bullish on BayWa. The consensus price target for the stock is €13.00, which represents a potential upside of 15.2% from the current price. Analysts cite the company's strong market position in the agricultural sector and its potential for growth in renewable energy as reasons for their optimism.

Conclusion

The BayWa share price is currently declining and is trading at €11.28 as of today, Friday, August 12, 2023. The stock has been in a downtrend since reaching a high of €12.10 on July 18, 2023. The decline in the share price has been attributed to a number of factors, including concerns about the company's exposure to the agricultural sector. Despite the recent decline in the share price, analysts remain bullish on BayWa.