LyondellBasell Industries NV (NYSE:LYB) had its target price lifted by investment analysts at UBS AG from $96.00 to $102.00 in a research report issued on Monday, www.benzinga.com reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. UBS AG’s price objective suggests a potential downside of 3.77% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Deutsche Bank AG restated a “buy” rating and set a $94.00 target price (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Cowen and Company restated a “hold” rating and set a $90.00 target price on shares of LyondellBasell Industries NV in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of 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, October 12th. HSBC Holdings plc lowered shares of 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, October 10th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $92.00 target price on shares of LyondellBasell Industries NV in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $97.07.

LyondellBasell Industries NV (NYSE LYB) traded up 7.06% during mid-day trading on Monday, reaching $106.00. 8,346,984 shares of the company were exchanged. LyondellBasell Industries NV has a 1-year low of $76.71 and a 1-year high of $107.83. The firm has a market capitalization of $41.96 billion, a P/E ratio of 11.83 and a beta of 1.04. The stock has a 50-day moving average of $97.77 and a 200 day moving average of $88.16.

LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.68 by $0.14. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.52 billion. LyondellBasell Industries NV had a net margin of 11.32% and a return on equity of 58.13%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 earnings per share. Equities research analysts forecast that LyondellBasell Industries NV will post $10.01 earnings per share for the current year.

WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/10/30/ubs-ag-raises-lyondellbasell-industries-nv-lyb-price-target-to-102-00.html.

In related news, Director Jagjeet S. Bindra sold 3,224 shares of LyondellBasell Industries NV 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 legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.09% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in LyondellBasell Industries NV by 2.8% in the 2nd quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock valued at $2,527,492,000 after buying an additional 821,391 shares during the period. Vanguard Group Inc. grew its holdings in LyondellBasell Industries NV by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock valued at $2,070,041,000 after buying an additional 473,129 shares during the period. BlackRock Inc. grew its holdings in LyondellBasell Industries NV by 11.6% in the 2nd quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after buying an additional 2,327,350 shares during the period. Capital World Investors grew its holdings in LyondellBasell Industries NV by 23.0% in the 2nd quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after buying an additional 3,651,750 shares during the period. Finally, State Street Corp grew its holdings in LyondellBasell Industries NV by 0.6% in the 1st quarter. State Street Corp now owns 15,462,749 shares of the specialty chemicals company’s stock valued at $1,410,047,000 after buying an additional 88,954 shares during the period. Hedge funds and other institutional investors own 74.05% 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)

Receive News & Ratings for LyondellBasell Industries NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries NV and related companies with MarketBeat.com's FREE daily email newsletter.