Lanxess AG (LXS) Rating Reiterated by DZ Bank AG
Lanxess AG (ETR:LXS)‘s stock had its “buy” rating restated by research analysts at DZ Bank AG in a note issued to investors on Friday.
A number of other analysts also recently weighed in on the company. Nord/LB set a €72.00 ($85.71) price objective on Lanxess AG and gave the company a “buy” rating in a report on Thursday. Societe Generale set a €67.00 ($79.76) price objective on Lanxess AG and gave the company a “neutral” rating in a report on Thursday. Macquarie set a €75.00 ($89.29) price objective on Lanxess AG and gave the company a “buy” rating in a report on Thursday. UBS AG set a €67.00 ($79.76) price objective on Lanxess AG and gave the company a “neutral” rating in a report on Wednesday. Finally, Citigroup Inc. set a €80.00 ($95.24) price objective on Lanxess AG and gave the company a “buy” rating in a report on Wednesday. Twelve investment analysts have rated the stock with a hold rating and seven 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 €71.50 ($85.12).
Lanxess AG (LXS) traded down 1.115% on Friday, hitting €62.989. The stock had a trading volume of 877 shares. The company has a 50 day moving average of €64.77 and a 200 day moving average of €65.38. The company has a market capitalization of €5.76 billion and a PE ratio of 39.766. Lanxess AG has a 12-month low of €45.95 and a 12-month 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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