Lanxess (ETR:LXS) received a €55.00 ($63.95) target price from investment analysts at Nord/LB in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Nord/LB’s price objective would suggest a potential downside of 11.26% from the stock’s current price.
A number of other brokerages have also commented 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 report on Wednesday. Bank of America set a €66.00 ($76.74) price target on shares of Lanxess and gave the company a “buy” rating in a research note on Friday, September 20th. Berenberg Bank set a €55.00 ($63.95) price target on shares of Lanxess and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Goldman Sachs Group set a €61.00 ($70.93) price target on shares of Lanxess and gave the company a “neutral” rating in a research note on Wednesday. Finally, UBS Group set a €56.00 ($65.12) price target on shares of Lanxess and gave the company a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Lanxess presently has an average rating of “Hold” and an average price target of €60.07 ($69.84).
Shares of ETR:LXS traded down €0.58 ($0.67) during midday trading on Wednesday, reaching €61.98 ($72.07). 426,674 shares of the company were exchanged, compared to its average volume of 312,027. Lanxess has a fifty-two week low of €39.47 ($45.90) and a fifty-two week high of €62.36 ($72.51). The company has a quick ratio of 1.51, a current ratio of 2.72 and a debt-to-equity ratio of 107.55. The stock has a fifty day simple moving average of €58.18 and a two-hundred day simple moving average of €53.11. The firm has a market cap of $5.44 billion and a PE ratio of 14.25.
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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