Lanxess AG (LXS) Given a €80.00 Price Target at Citigroup Inc.
Lanxess AG (ETR:LXS) has been assigned a €80.00 ($94.12) price target by Citigroup Inc. in a research note issued on Monday. The brokerage presently has a “buy” rating on the stock.
Several other equities research analysts have also weighed in on the company. HSBC Holdings plc set a €66.00 ($77.65) price objective on Lanxess AG and gave the stock a “neutral” rating in a research note on Wednesday, May 24th. Deutsche Bank AG reissued a “buy” rating on shares of Lanxess AG in a research note on Thursday, June 22nd. Credit Suisse Group set a €70.00 ($82.35) price objective on Lanxess AG and gave the stock a “neutral” rating in a research note on Friday, June 16th. Macquarie set a €75.00 ($88.24) price objective on Lanxess AG and gave the stock a “buy” rating in a research note on Wednesday, July 5th. Finally, S&P Global set a €70.00 ($82.35) price objective on Lanxess AG and gave the stock a “neutral” rating in a research note on Monday, May 29th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of €71.94 ($84.64).
Shares of Lanxess AG (ETR LXS) traded down 0.202% during mid-day trading on Monday, hitting €67.095. The company’s stock had a trading volume of 50 shares. Lanxess AG has a 12-month low of €41.60 and a 12-month high of €70.85. The stock has a 50-day moving average of €67.24 and a 200-day moving average of €65.86. The company has a market cap of €6.14 billion and a PE ratio of 28.298.
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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