LyondellBasell Industries NV Price Target Increased to $110.00 by Analysts at Jefferies Group (LYB)
Equities research analysts at Jefferies Group upped their price target on shares of LyondellBasell Industries NV (NYSE:LYB) from $105.00 to $110.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 13.64% from the stock’s previous close.
LyondellBasell Industries NV (NYSE:LYB) traded up 0.55% on Tuesday, hitting $97.33. 1,050,516 shares of the company’s stock traded hands. LyondellBasell Industries NV has a one year low of $62.71 and a one year high of $98.18. The stock’s 50-day moving average is $91.87 and its 200-day moving average is $83.97. The company has a market cap of $51.322 billion and a price-to-earnings ratio of 13.98.
LyondellBasell Industries NV (NYSE:LYB) last released its earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.73 by $0.01. The company had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $11.17 billion. During the same quarter last year, the company posted $1.56 earnings per share. LyondellBasell Industries NV’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that LyondellBasell Industries NV will post $7.45 earnings per share for the current fiscal year.
LYB has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of LyondellBasell Industries NV in a research note on Wednesday, April 30th. They now have a $108.00 price target on the stock, up previously from $92.00. Separately, analysts at Atlantic Securities initiated coverage on shares of LyondellBasell Industries NV in a research note on Tuesday, April 22nd. They set an “overweight” rating and a $115.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of LyondellBasell Industries NV from $77.00 to $98.00 in a research note on Tuesday, April 15th. They now have an “outperform” rating on the stock. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $100.70.
In other LyondellBasell Industries NV news, EVP Craig Glidden unloaded 14,861 shares of LyondellBasell Industries NV stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $95.00, for a total transaction of $1,411,795.00. Following the sale, the executive vice president now directly owns 209,118 shares in the company, valued at approximately $19,866,210. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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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