Shares of Lanxess AG (ETR:LXS) have been assigned a consensus rating of “Hold” from the twenty-one research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is €59.96 ($69.72).
LXS has been the subject of a number of research reports. Bank of America set a €66.00 ($76.74) price target on Lanxess and gave the stock a “buy” rating in a research note on Friday, September 20th. Independent Research set a €59.00 ($68.60) target price on Lanxess and gave the company a “neutral” rating in a research note on Monday, August 12th. Nord/LB set a €53.00 ($61.63) target price on Lanxess and gave the company a “neutral” rating in a research note on Friday, October 4th. Warburg Research set a €77.30 ($89.88) target price on Lanxess and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, Barclays set a €57.00 ($66.28) target price on Lanxess and gave the company a “neutral” rating in a research note on Thursday, September 26th.
ETR:LXS traded up €1.34 ($1.56) during mid-day trading on Monday, reaching €60.62 ($70.49). The stock had a trading volume of 278,152 shares, compared to its average volume of 312,027. The company has a market capitalization of $5.30 billion and a price-to-earnings ratio of 13.94. Lanxess has a 1-year low of €39.47 ($45.90) and a 1-year high of €60.54 ($70.40). The stock’s 50 day simple moving average is €56.21 and its two-hundred day simple moving average is €52.31. The company has a debt-to-equity ratio of 107.55, a current ratio of 2.72 and a quick ratio of 1.51.
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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