Lanxess AG (ETR:LXS) has been given a €78.00 ($91.76) target price by research analysts at Warburg Research in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock.

Other equities analysts have also issued reports about the stock. S&P Global set a €70.00 ($82.35) target price on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Saturday, May 20th. Baader Bank set a €67.00 ($78.82) target price 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 ($89.41) target price on shares of Lanxess AG and gave the stock a “buy” rating in a research report on Saturday, May 20th. Commerzbank Ag set a €64.00 ($75.29) target price on shares of Lanxess AG and gave the stock a “buy” rating in a research report on Saturday, May 20th. Finally, Independent Research GmbH set a €72.00 ($84.71) target price on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Saturday, May 20th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Lanxess AG presently has an average rating of “Hold” and an average target price of €71.44 ($84.05).

Shares of Lanxess AG (ETR:LXS) opened at 64.269 on Monday. Lanxess AG has a 12-month low of €45.95 and a 12-month high of €70.85. The stock has a market capitalization of €4.82 billion and a P/E ratio of 40.472. The stock has a 50 day moving average of €66.79 and a 200 day moving average of €65.87.

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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.

Analyst Recommendations for Lanxess AG (ETR:LXS)

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