Lanxess AG (LXS) Given a €65.00 Price Target by BNP Paribas Analysts
Lanxess AG (ETR:LXS) has been given a €65.00 ($76.47) price target by BNP Paribas in a research note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock.
A number of other equities analysts have also recently commented on LXS. Baader Bank set a €74.00 ($87.06) target price on Lanxess AG and gave the company a “neutral” rating in a report on Friday, June 9th. DZ Bank AG reissued a “buy” rating on shares of Lanxess AG in a report on Friday, June 9th. UBS AG set a €68.00 ($80.00) target price on Lanxess AG and gave the company a “neutral” rating in a report on Monday, June 12th. Deutsche Bank AG set a €79.00 ($92.94) target price on Lanxess AG and gave the company a “buy” rating in a report on Friday, June 16th. Finally, Credit Suisse Group AG set a €70.00 ($82.35) target price on Lanxess AG and gave the company a “neutral” rating in a report on Friday, June 16th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of €71.26 ($83.84).
Shares of Lanxess AG (LXS) opened at 66.66 on Friday. The company has a market cap of €6.10 billion and a P/E ratio of 42.08. Lanxess AG has a 1-year low of €47.94 and a 1-year high of €70.85. The firm has a 50-day moving average price of €64.63 and a 200-day moving average price of €65.49.
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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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