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Shares of LyondellBasell Industries NV (NYSE:LYB) have earned a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, Analyst Ratings reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $114.40.

LYB has been the subject of a number of recent research reports. 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, August 6th. 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) opened at 108.37 on Thursday. LyondellBasell Industries NV has a one year low of $67.52 and a one year high of $110.38. The stock has a 50-day moving average of $102.1 and a 200-day moving average of $93.21. The company has a market cap of $55.521 billion and a P/E ratio of 14.34.

LyondellBasell Industries NV (NYSE:LYB) last announced its earnings results on Friday, July 25th. The company reported $2.22 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.60 earnings per share. LyondellBasell Industries NV’s revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that LyondellBasell Industries NV will post $8.07 earnings per share for the current fiscal year.

In other LyondellBasell Industries NV news, CEO James L. Gallogly unloaded 83,333 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $107.42, for a total value of $8,951,630.86. The sale was disclosed in a filing with the Securities & Exchange Commission, 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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