LyondellBasell Industries NV Price Target Increased to $125.00 by Analysts at Deutsche Bank (LYB)
Investment analysts at Deutsche Bank lifted their price objective on shares of LyondellBasell Industries NV (NYSE:LYB) from $108.00 to $125.00 in a note issued to investors on Monday. Deutsche Bank’s target price would indicate a potential upside of 16.29% from the company’s current price.
LYB has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of LyondellBasell Industries NV from $110.00 to $120.00 in a research note on Wednesday, July 9th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of LyondellBasell Industries NV in a research note on Tuesday, July 8th. They now have a $103.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of LyondellBasell Industries NV from $98.00 to $115.00 in a research note on Tuesday, June 24th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. LyondellBasell Industries NV has a consensus rating of “Buy” and a consensus price target of $105.25.
LyondellBasell Industries NV (NYSE:LYB) traded up 0.08% during mid-day trading on Monday, hitting $107.58. The stock had a trading volume of 1,129,126 shares. LyondellBasell Industries NV has a 52 week low of $66.35 and a 52 week high of $107.68. The stock has a 50-day moving average of $99.59 and a 200-day moving average of $91.35. The company has a market cap of $55.116 billion and a price-to-earnings ratio of 14.28.
LyondellBasell Industries NV (NYSE:LYB) last announced its earnings results on Friday, July 25th. The company reported $2.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.92 by $0.30. The company had revenue of $12.12 billion for the quarter, compared to the consensus estimate of $11.45 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that LyondellBasell Industries NV will post $7.52 earnings per share for the current fiscal year.
In other LyondellBasell Industries NV news, EVP Bhavesh V. Patel sold 20,486 shares of the stock on the open market in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $105.00, for a total value of $2,151,030.00. 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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