Deutsche Bank set a €70.00 ($81.40) price objective on Lanxess (ETR:LXS) in a research report report published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages also recently weighed in on LXS. Nord/LB set a €62.00 ($72.09) price target on Lanxess and gave the stock a buy rating in a report on Thursday, January 24th. Goldman Sachs Group set a €57.00 ($66.28) price target on Lanxess and gave the stock a buy rating in a report on Wednesday, January 23rd. Warburg Research set a €66.80 ($77.67) price target on Lanxess and gave the stock a buy rating in a report on Monday, February 11th. Commerzbank set a €64.00 ($74.42) price target on Lanxess and gave the stock a buy rating in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. set a €55.00 ($63.95) price target on Lanxess and gave the stock a buy rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of €61.67 ($71.71).
ETR:LXS traded up €1.55 ($1.80) during trading hours on Wednesday, hitting €48.80 ($56.74). 506,336 shares of the company were exchanged, compared to its average volume of 312,027. The firm has a market cap of $4.26 billion and a P/E ratio of 10.36. The company has a quick ratio of 1.67, a current ratio of 2.57 and a debt-to-equity ratio of 98.99. Lanxess has a one year low of €39.47 ($45.90) and a one year high of €72.60 ($84.42).
LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.
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