LyondellBasell Industries NV (NYSE:LYB) had its price objective hoisted by analysts at UBS AG from $88.00 to $96.00 in a research report issued on Friday, www.benzinga.com reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS AG’s price objective suggests a potential downside of 1.57% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Zacks Investment Research raised LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 target price (up from $88.00) on shares of LyondellBasell Industries NV in a research report on Tuesday. HSBC Holdings plc lowered LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a research report on Tuesday. Cowen and Company reaffirmed a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries NV in a research report on Wednesday, October 4th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $96.00 target price (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Saturday, September 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $96.25.

LyondellBasell Industries NV (NYSE LYB) opened at 97.53 on Friday. The stock has a 50 day moving average price of $95.25 and a 200 day moving average price of $87.44. The firm has a market capitalization of $38.60 billion, a price-to-earnings ratio of 10.89 and a beta of 1.04. LyondellBasell Industries NV has a 1-year low of $76.71 and a 1-year high of $100.74.

LyondellBasell Industries NV (NYSE:LYB) last issued its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.52 billion. During the same period in the prior year, the firm posted $2.56 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. Analysts predict that LyondellBasell Industries NV will post $9.99 EPS for the current year.

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In other news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total transaction of $287,580.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.09% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYB. Dynamic Technology Lab Private Ltd bought a new stake in LyondellBasell Industries NV during the 1st quarter valued at approximately $246,000. ARGI Investment Services LLC boosted its stake in LyondellBasell Industries NV by 8.0% during the 1st quarter. ARGI Investment Services LLC now owns 28,167 shares of the specialty chemicals company’s stock valued at $2,569,000 after purchasing an additional 2,083 shares during the period. Alliancebernstein L.P. boosted its stake in LyondellBasell Industries NV by 15.7% during the 1st quarter. Alliancebernstein L.P. now owns 849,547 shares of the specialty chemicals company’s stock valued at $77,470,000 after purchasing an additional 115,266 shares during the period. Roundview Capital LLC boosted its stake in LyondellBasell Industries NV by 16.6% during the 1st quarter. Roundview Capital LLC now owns 24,610 shares of the specialty chemicals company’s stock valued at $2,244,000 after purchasing an additional 3,510 shares during the period. Finally, Burney Co. boosted its stake in LyondellBasell Industries NV by 13.1% during the 1st quarter. Burney Co. now owns 13,564 shares of the specialty chemicals company’s stock valued at $1,237,000 after purchasing an additional 1,575 shares during the period. Institutional investors own 73.81% of the company’s stock.

About LyondellBasell Industries NV

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Analyst Recommendations for LyondellBasell Industries NV (NYSE:LYB)

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