LyondellBasell Industries N.V.’s Buy Rating Reaffirmed at Deutsche Bank (LYB)
LyondellBasell Industries N.V. (NYSE:LYB)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Tuesday, StockRatingsNetwork reports. They currently have a $92.00 price objective on the stock. Deutsche Bank’s target price would indicate a potential upside of 13.64% from the company’s current price.
LYB has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of LyondellBasell Industries N.V. from $88.00 to $95.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. Analysts at RBC Capital upgraded shares of LyondellBasell Industries N.V. from an “outperform” rating to a “top pick” rating in a research note on Thursday, December 12th. They now have a $110.00 price target on the stock, up previously from $90.00. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $83.80.
Shares of LyondellBasell Industries N.V. (NYSE:LYB) traded up 1.43% on Tuesday, hitting $82.12. 3,054,274 shares of the company’s stock traded hands. LyondellBasell Industries N.V. has a 52-week low of $55.02 and a 52-week high of $82.97. The stock has a 50-day moving average of $79.18 and a 200-day moving average of $74.9. The company has a market cap of $45.577 billion and a P/E ratio of 12.00.
LyondellBasell Industries N.V. (NYSE:LYB) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.71. The company had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $10.76 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Analysts expect that LyondellBasell Industries N.V. will post $7.34 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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