LyondellBasell Industries N.V. Hits New 52-Week High at $82.04 (LYB)
Shares of LyondellBasell Industries N.V. (NYSE:LYB) hit a new 52-week high during mid-day trading on Tuesday, ARN reports. The stock traded as high as $82.04 and last traded at $82.00, with a volume of 2,436,780 shares trading hands. The stock had previously closed at $79.82.
A number of research firms have recently commented on LYB. Analysts at RBC Capital upgraded shares of LyondellBasell Industries N.V. from an “outperform” rating to a “top pick” rating in a research note to investors on Thursday, December 12th. They now have a $110.00 price target on the stock, up previously from $90.00. Finally, analysts at Jefferies Group raised their price target on shares of LyondellBasell Industries N.V. from $83.00 to $90.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $81.40.
LyondellBasell Industries N.V. has a one year low of $55.02 and a one year high of $81.62. The stock’s 50-day moving average is $77.96 and its 200-day moving average is $73.4. The company has a market cap of $45.403 billion and a P/E ratio of 13.88.
LyondellBasell Industries N.V. (NYSE:LYB) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by $0.08. The company had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. Analysts expect that LyondellBasell Industries N.V. will post $6.10 EPS for the current fiscal year.
LyondellBasell Industries N.V. is an independent chemical company. The Company’s chemicals businesses consist of processing plants that convert volumes of liquid and gaseous hydrocarbon feedstock into plastic resins and other chemicals.
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