LyondellBasell Industries NV Receives Average Rating of “Buy” from Analysts (NYSE:LYB)
LyondellBasell Industries NV (NYSE:LYB) has received an average rating of “Buy” from the eleven brokerages that are currently covering the company, Analyst Ratings Network reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $113.36.
Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of LyondellBasell Industries NV from $108.00 to $123.00 in a research note on Wednesday. Separately, analysts at Jefferies Group raised their price target on shares of LyondellBasell Industries NV from $120.00 to $125.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of LyondellBasell Industries NV in a research note on Monday, July 28th. They now have a $115.00 price target on the stock, up previously from $109.00.
Shares of LyondellBasell Industries NV (NYSE:LYB) traded up 0.32% during mid-day trading on Thursday, hitting $109.34. 458,308 shares of the company’s stock traded hands. LyondellBasell Industries NV has a 1-year low of $67.52 and a 1-year high of $110.38. The stock’s 50-day moving average is $101.6 and its 200-day moving average is $93.00. The company has a market cap of $56.018 billion and a P/E ratio of 14.48.
LyondellBasell Industries NV (NYSE:LYB) last posted its quarterly earnings results on Friday, July 25th. The company reported $2.22 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that LyondellBasell Industries NV will post $8.07 EPS for the current fiscal year.
In other LyondellBasell Industries NV news, CEO James L. Gallogly unloaded 83,333 shares of LyondellBasell Industries NV stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $107.42, for a total transaction of $8,951,630.86. The sale was disclosed in a document filed with the SEC, which is available at 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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