Lanxess AG (LXS) Given a €70.00 Price Target at Independent Research GmbH
Lanxess AG (ETR:LXS) has been assigned a €70.00 ($83.33) price objective by research analysts at Independent Research GmbH in a research note issued on Wednesday. The brokerage presently has a “neutral” rating on the stock.
LXS has been the topic of a number of other reports. DZ Bank AG reissued a “buy” rating on shares of Lanxess AG in a report on Friday, June 9th. Credit Suisse Group set a €67.00 ($79.76) price target on shares of Lanxess AG and gave the stock a “neutral” rating in a report on Friday, August 11th. UBS AG set a €66.00 ($78.57) price target on shares of Lanxess AG and gave the stock a “neutral” rating in a report on Saturday, May 20th. Nord/LB set a €76.00 ($90.48) price target on shares of Lanxess AG and gave the stock a “buy” rating in a report on Saturday, May 20th. Finally, Deutsche Bank AG set a €79.00 ($94.05) price target on shares of Lanxess AG and gave the stock a “buy” rating in a report on Friday, August 11th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of €71.50 ($85.12).
Shares of Lanxess AG (ETR LXS) traded down 1.173% during trading on Wednesday, hitting €62.952. 1,027 shares of the stock traded hands. Lanxess AG has a 1-year low of €45.95 and a 1-year high of €70.85. The company has a market cap of €5.76 billion and a P/E ratio of 39.742. The stock has a 50-day moving average of €64.64 and a 200 day moving average of €65.36.
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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