A number of other equities research analysts also recently issued reports on the stock. Bank of America reaffirmed a buy rating on shares of Lanxess in a research report on Thursday, January 11th. Kepler Capital Markets set a €83.00 ($102.47) price objective on shares of Lanxess and gave the stock a buy rating in a research report on Tuesday, November 28th. DZ Bank reaffirmed a buy rating on shares of Lanxess in a research report on Friday, January 19th. Deutsche Bank set a €69.00 ($85.19) price objective on shares of Lanxess and gave the stock a neutral rating in a research report on Monday, December 4th. Finally, UBS set a €75.00 ($92.59) price objective on shares of Lanxess and gave the stock a buy rating in a research report on Thursday, December 7th. Fifteen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of €71.27 ($87.99).
Shares of Lanxess stock opened at €61.36 ($75.75) on Thursday. Lanxess has a 52-week low of €59.89 ($73.94) and a 52-week high of €74.50 ($91.98). The stock has a market cap of $5,810.00 and a PE ratio of 64.59.
LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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