Lanxess AG (ETR:LXS) has been given a €80.00 ($87.91) target price by investment analysts at Citigroup Inc in a research note issued on Saturday. The firm currently has a “buy” rating on the stock.

Separately, Warburg Research set a €79.00 ($86.81) price objective on Lanxess AG and gave the stock a “buy” rating in a research report on Saturday.

Lanxess AG (ETR:LXS) traded up 0.014% during midday trading on Friday, hitting €65.411. The stock had a trading volume of 857 shares. Lanxess AG has a 12-month low of €37.77 and a 12-month high of €69.20. The stock has a 50-day moving average price of €64.86 and a 200 day moving average price of €63.30. The firm has a market cap of €5.99 billion and a P/E ratio of 27.588.

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About Lanxess AG

LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Its business activities are divided into three segments: Performance Polymers, responsible for the manufacture of special-purpose rubbers for rubber products used in vehicles, footwear, engineering and construction area, among others; Advanced Intermediates, focused on the development of intermediates for agrochemicals, coatings industries, pharmaceuticals and tire chemicals, among others, as well as Performance Chemicals, which includes chemicals applied in material protection products, inorganic pigments, finishing agents, leather industry and resins for water treatment, among others.

12 Month Chart for ETR:LXS

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