Lanxess AG (LXS) Given a €67.00 Price Target at UBS AG
Lanxess AG (ETR:LXS) has been assigned a €67.00 ($78.82) price target by research analysts at UBS AG in a report issued on Monday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the stock.
A number of other equities analysts have also recently issued reports on LXS. Kepler Capital Markets set a €87.00 ($102.35) price objective on shares of Lanxess AG and gave the company a “buy” rating in a research note on Thursday, August 10th. Societe Generale set a €67.00 ($78.82) price objective on shares of Lanxess AG and gave the company a “neutral” rating in a research note on Monday, August 14th. Macquarie set a €75.00 ($88.24) price objective on shares of Lanxess AG and gave the company a “buy” rating in a research note on Friday, August 11th. S&P Global set a €70.00 ($82.35) price objective on shares of Lanxess AG and gave the company a “neutral” rating in a research note on Friday, August 11th. Finally, Nord/LB set a €72.00 ($84.71) price objective on shares of Lanxess AG and gave the company a “buy” rating in a research note on Monday, August 14th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Lanxess AG presently has a consensus rating of “Hold” and an average target price of €71.56 ($84.18).
Lanxess AG (ETR LXS) traded down 0.445% during trading on Monday, hitting €62.379. The stock had a trading volume of 121 shares. The company has a market cap of €5.71 billion and a PE ratio of 39.381. The stock has a 50-day moving average price of €66.28 and a 200-day moving average price of €65.72. Lanxess AG has a 52 week low of €45.95 and a 52 week high of €70.85.
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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