Macquarie Analysts Give Lanxess AG (LXS) a €75.00 Price Target
Lanxess AG (ETR:LXS) received a €75.00 ($89.29) price objective from equities researchers at Macquarie in a report issued on Thursday. The brokerage currently has a “buy” rating on the stock.
A number of other research analysts also recently weighed in on the stock. Deutsche Bank AG reiterated a “buy” rating on shares of Lanxess AG in a research report on Thursday, June 22nd. HSBC Holdings plc set a €66.00 ($78.57) price objective on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Wednesday, May 24th. Credit Suisse Group set a €70.00 ($83.33) price objective on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) set a €69.00 ($82.14) price objective on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Friday, July 14th. Finally, S&P Global set a €70.00 ($83.33) price objective on shares of Lanxess AG and gave the stock a “neutral” rating in a research report on Monday, May 29th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Lanxess AG currently has an average rating of “Hold” and a consensus target price of €71.50 ($85.12).
Lanxess AG (LXS) traded down 1.173% during trading on Thursday, reaching €62.952. The company had a trading volume of 1,027 shares. The stock has a market capitalization of €5.76 billion and a P/E ratio of 39.742. Lanxess AG has a 12-month low of €45.95 and a 12-month high of €70.85. The stock has a 50 day moving average of €64.64 and a 200-day moving average of €65.36.
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Lanxess AG Company Profile
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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