Lanxess AG (ETR:LXS) has been given a €68.00 ($80.00) price target by analysts at UBS AG in a research report issued on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the stock.
A number of other research firms also recently weighed in on LXS. Goldman Sachs Group, Inc. (The) set a €70.00 ($82.35) target price on Lanxess AG and gave the stock a “neutral” rating in a research report on Monday, May 29th. Credit Suisse Group set a €70.00 ($82.35) target price on Lanxess AG and gave the stock a “neutral” rating in a research report on Friday, June 16th. Baader Bank set a €67.00 ($78.82) price objective on Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Barclays PLC set a €63.00 ($74.12) price objective on Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Finally, Warburg Research set a €79.00 ($92.94) price objective on Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of €71.94 ($84.64).
Shares of Lanxess AG (LXS) opened at 64.40 on Thursday. The firm has a market cap of €5.89 billion and a PE ratio of 27.16. Lanxess AG has a 52 week low of €45.20 and a 52 week high of €70.85. The firm’s 50-day moving average price is €66.95 and its 200 day moving average price is €65.90.
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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