Lanxess AG (ETR:LXS) has been given a €72.00 ($84.71) price objective by equities researchers at Independent Research GmbH in a report issued on Thursday. The brokerage currently has a “neutral” rating on the stock.
LXS has been the topic of a number of other reports. DZ Bank AG reaffirmed a “buy” rating on shares of Lanxess AG in a research report on Friday, June 9th. UBS AG set a €66.00 ($77.65) target price on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Saturday, May 20th. Nord/LB set a €76.00 ($89.41) target price on shares of Lanxess AG and gave the stock a “buy” rating in a research report on Saturday, May 20th. Deutsche Bank AG set a €79.00 ($92.94) target price on shares of Lanxess AG and gave the stock a “buy” rating in a research report on Friday, June 16th. Finally, Barclays PLC set a €63.00 ($74.12) target price on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Monday, May 29th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Lanxess AG currently has a consensus rating of “Hold” and an average price target of €71.94 ($84.64).
Lanxess AG (ETR:LXS) opened at 64.40 on Thursday. The firm has a market capitalization of €5.89 billion and a PE ratio of 27.16. The stock’s 50 day moving average is €66.95 and its 200-day moving average is €65.90. Lanxess AG has a one year low of €45.20 and a one year high of €70.85.
Lanxess AG Company Profile
LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Its business activities are divided into three segments: Performance Polymers, responsible for the manufacture of special-purpose rubbers for rubber products used in vehicles, footwear, engineering and construction area, among others; Advanced Intermediates, focused on the development of intermediates for agrochemicals, coatings industries, pharmaceuticals and tire chemicals, among others, as well as Performance Chemicals, which includes chemicals applied in material protection products, inorganic pigments, finishing agents, leather industry and resins for water treatment, among others.
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