Shares of Lanxess AG (ETR:LXS) have earned an average recommendation of “Hold” from the twenty ratings firms that are covering the company, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is €71.26 ($83.84).

Several brokerages recently issued reports on LXS. Goldman Sachs Group, Inc. (The) set a €71.00 ($83.53) price target on shares of Lanxess AG and gave the company a “neutral” rating in a report on Wednesday, October 11th. BNP Paribas set a €65.00 ($76.47) price target on shares of Lanxess AG and gave the company a “neutral” rating in a report on Friday, October 6th. Baader Bank set a €75.00 ($88.24) price target on shares of Lanxess AG and gave the company a “buy” rating in a report on Wednesday, October 4th. Deutsche Bank AG set a €79.00 ($92.94) price target on shares of Lanxess AG and gave the company a “buy” rating in a report on Thursday, September 28th. Finally, Kepler Capital Markets set a €87.00 ($102.35) price target on shares of Lanxess AG and gave the company a “buy” rating in a report on Wednesday, September 27th.

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Lanxess AG (ETR LXS) opened at 66.316 on Thursday. The firm has a market capitalization of €6.07 billion and a price-to-earnings ratio of 41.866. The stock’s 50 day moving average is €65.19 and its 200-day moving average is €65.78. Lanxess AG has a 12 month low of €53.00 and a 12 month high of €70.85.

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.

Analyst Recommendations for Lanxess AG (ETR:LXS)

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