Barclays Reiterates “€55.00” Price Target for Lanxess (ETR:LXS)

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Barclays set a €55.00 ($63.95) target price on Lanxess (ETR:LXS) in a research note published on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other brokerages have also recently weighed in on LXS. Baader Bank set a €45.00 ($52.33) price objective on shares of Lanxess and gave the stock a sell rating in a research note on Friday. Jefferies Financial Group set a €50.00 ($58.14) target price on shares of Lanxess and gave the stock a neutral rating in a research note on Tuesday, July 9th. DZ Bank restated a neutral rating on shares of Lanxess in a research note on Friday, June 14th. Deutsche Bank set a €70.00 ($81.40) target price on shares of Lanxess and gave the stock a buy rating in a research note on Friday, July 19th. Finally, Kepler Capital Markets set a €47.00 ($54.65) target price on shares of Lanxess and gave the stock a sell rating in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of €60.61 ($70.48).

Shares of ETR:LXS opened at €49.31 ($57.34) on Friday. The business has a 50 day simple moving average of €52.72. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €72.42 ($84.21). The company has a quick ratio of 1.53, a current ratio of 2.61 and a debt-to-equity ratio of 101.71. The company has a market cap of $4.51 billion and a PE ratio of 10.74.

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.

Further Reading: Cost of equity and a company’s balance sheet

Analyst Recommendations for Lanxess (ETR:LXS)

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