Lanxess AG (ETR:LXS)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank AG in a report issued on Thursday.

Several other equities research analysts have also recently issued reports on LXS. Warburg Research set a €79.00 ($87.78) price objective on shares of Lanxess AG and gave the stock a “buy” rating in a research report on Saturday, May 20th. Citigroup Inc set a €80.00 ($88.89) price objective on shares of Lanxess AG and gave the stock a “buy” rating in a research report on Saturday, May 20th. Societe Generale set a €67.00 ($74.44) price objective on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Saturday, May 20th. Nord/LB set a €76.00 ($84.44) price objective on shares of Lanxess AG and gave the stock a “buy” rating in a research report on Saturday, May 20th. Finally, Macquarie set a €75.00 ($83.33) price objective on shares of Lanxess AG and gave the stock a “buy” rating in a research report on Saturday, May 20th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Lanxess AG currently has an average rating of “Hold” and an average price target of €72.25 ($80.28).

Analyst Recommendations for Lanxess AG (ETR:LXS)

Shares of Lanxess AG (ETR LXS) traded down 0.29% during trading on Thursday, hitting €66.41. The stock had a trading volume of 809 shares. The stock has a market cap of €6.08 billion and a P/E ratio of 28.01. Lanxess AG has a one year low of €37.76 and a one year high of €70.85. The stock’s 50 day moving average price is €67.05 and its 200-day moving average price is €64.98.

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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.

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