Lanxess (LXS) Given a €70.00 Price Target at Deutsche Bank

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Lanxess (ETR:LXS) has been given a €70.00 ($81.40) price objective by analysts at Deutsche Bank in a research note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 45.14% from the company’s current price.

LXS has been the topic of a number of other research reports. Goldman Sachs Group set a €63.00 ($73.26) target price on Lanxess and gave the company a “buy” rating in a research note on Friday, May 10th. Nord/LB set a €52.00 ($60.47) target price on Lanxess and gave the company a “neutral” rating in a research note on Friday, March 15th. UBS Group set a €53.00 ($61.63) target price on Lanxess and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Barclays set a €63.00 ($73.26) target price on Lanxess and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Finally, DZ Bank restated a “neutral” rating on shares of Lanxess in a research note on Thursday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. Lanxess has an average rating of “Hold” and an average target price of €61.72 ($71.76).

Shares of ETR LXS opened at €48.23 ($56.08) on Tuesday. The company has a current ratio of 2.61, a quick ratio of 1.53 and a debt-to-equity ratio of 101.71. Lanxess has a one year low of €39.47 ($45.90) and a one year high of €72.60 ($84.42). The stock has a market capitalization of $4.34 billion and a price-to-earnings ratio of 10.51.

About Lanxess

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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Analyst Recommendations for Lanxess (ETR:LXS)

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