Warburg Research Analysts Give Lanxess AG (LXS) a €79.00 Price Target
Lanxess AG (ETR:LXS) has been given a €79.00 ($86.81) price objective by research analysts at Warburg Research in a research note issued to investors on Saturday. The brokerage presently has a “buy” rating on the stock.
Lanxess AG (ETR:LXS) traded up 0.014% on Friday, hitting €65.411. 857 shares of the company’s stock traded hands. The stock has a 50-day moving average of €64.86 and a 200-day moving average of €63.30. Lanxess AG has a one year low of €37.77 and a one year high of €69.20. The stock has a market cap of €5.99 billion and a PE ratio of 27.588.
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Lanxess AG Company Profile
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.
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