LyondellBasell Industries N.V. Hits New 1-Year High After Analyst Upgrade (LYB)
LyondellBasell Industries N.V. (NYSE:LYB) hit a new 52-week high during mid-day trading on Wednesday after Barclays raised their price target on the stock from $88.00 to $95.00, Analyst Ratings Net reports. Barclays currently has an overweight rating on the stock. LyondellBasell Industries N.V. traded as high as $82.97 and last traded at $82.32, with a volume of 2,139,816 shares changing hands. The stock had previously closed at $81.68.
Separately, 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 equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. LyondellBasell Industries N.V. has a consensus rating of “Buy” and a consensus price target of $83.80.
The stock’s 50-day moving average is $79.29 and its 200-day moving average is $75.07. The company has a market cap of $45.677 billion and a price-to-earnings ratio of 12.10.
LyondellBasell Industries N.V. (NYSE:LYB) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that LyondellBasell Industries N.V. will post $7.34 earnings per share 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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