Lanxess AG (ETR:LXS) has been assigned a €67.00 ($79.76) price target by J P Morgan Chase & Co in a note issued to investors on Wednesday. The firm presently has a “neutral” rating on the stock.

Several other equities analysts also recently weighed in on LXS. Warburg Research set a €79.00 ($94.05) target price on Lanxess AG and gave the company a “buy” rating in a research report on Saturday, May 20th. Citigroup Inc. set a €80.00 ($95.24) target price on Lanxess AG and gave the company a “buy” rating in a research report on Saturday, May 20th. Societe Generale set a €67.00 ($79.76) target price on Lanxess AG and gave the company a “neutral” rating in a research report on Saturday, May 20th. Nord/LB set a €76.00 ($90.48) target price on Lanxess AG and gave the company a “buy” rating in a research report on Saturday, May 20th. Finally, Deutsche Bank AG set a €79.00 ($94.05) target price on Lanxess AG and gave the company a “buy” rating in a research report on Saturday, May 20th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Lanxess AG has an average rating of “Hold” and an average price target of €71.50 ($85.12).

Shares of Lanxess AG (ETR:LXS) traded down 1.173% during mid-day trading on Wednesday, reaching €62.952. The company had a trading volume of 1,027 shares. The firm has a 50-day moving average price of €64.64 and a 200-day moving average price of €65.36. Lanxess AG has a 1-year low of €45.95 and a 1-year high of €70.85. The stock has a market capitalization of €5.76 billion and a price-to-earnings ratio of 39.742.

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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.

Analyst Recommendations for Lanxess AG (ETR:LXS)

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