Lanxess AG (LXS) Given a €66.00 Price Target at HSBC Holdings plc
Lanxess AG (ETR:LXS) received a €66.00 ($78.57) price objective from analysts at HSBC Holdings plc in a research note issued to investors on Wednesday. The firm currently has a “neutral” rating on the stock.
LXS has been the topic of several other reports. UBS AG set a €66.00 ($78.57) price target on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Saturday, May 20th. Kepler Capital Markets set a €87.00 ($103.57) price target on shares of Lanxess AG and gave the stock a “buy” rating in a research report on Thursday, August 10th. Macquarie set a €75.00 ($89.29) price target on shares of Lanxess AG and gave the stock a “buy” rating in a research report on Friday, August 11th. S&P Global set a €70.00 ($83.33) price target on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Friday, August 11th. Finally, Societe Generale set a €67.00 ($79.76) price target on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Monday, August 14th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of €71.56 ($85.19).
Lanxess AG (ETR:LXS) opened at 62.67 on Wednesday. The stock has a 50 day moving average price of €65.89 and a 200 day moving average price of €65.61. The firm has a market cap of €5.74 billion and a P/E ratio of 39.56. Lanxess AG has a 52-week low of €45.95 and a 52-week high of €70.85.
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About Lanxess AG
LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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