Lanxess AG (LXS) Given a €71.00 Price Target at Goldman Sachs Group, Inc. (The)
Lanxess AG (ETR:LXS) has been given a €71.00 ($83.53) target price by Goldman Sachs Group, Inc. (The) in a note issued to investors on Thursday. The firm presently has a “neutral” rating on the stock.
A number of other brokerages have also weighed in on LXS. Nord/LB set a €72.00 ($84.71) target price on Lanxess AG and gave the stock a “buy” rating in a research report on Monday, August 14th. Independent Research GmbH set a €70.00 ($82.35) target price on Lanxess AG and gave the stock a “neutral” rating in a research report on Wednesday, September 6th. Credit Suisse Group set a €70.00 ($82.35) target price on Lanxess AG and gave the stock a “neutral” rating in a research report on Friday, June 16th. Barclays PLC set a €62.00 ($72.94) target price on Lanxess AG and gave the stock a “neutral” rating in a research report on Friday, August 11th. Finally, Deutsche Bank AG set a €79.00 ($92.94) target price on Lanxess AG and gave the stock a “buy” rating in a research report on Monday, July 10th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €71.61 ($84.25).
Lanxess AG (LXS) traded up 0.303% during trading on Thursday, reaching €67.092. 16 shares of the company traded hands. The company’s 50-day moving average price is €64.49 and its 200 day moving average price is €65.48. Lanxess AG has a 52 week low of €47.94 and a 52 week high of €70.85. The firm has a market capitalization of €6.14 billion and a price-to-earnings ratio of 42.356.
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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