Lanxess (ETR:LXS) received a €83.00 ($102.47) target price from analysts at Kepler Capital Markets in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Kepler Capital Markets’ target price would indicate a potential upside of 25.95% from the stock’s previous close.
A number of other analysts have also recently weighed in on LXS. Barclays set a €66.00 ($81.48) price target on shares of Lanxess and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Baader Bank set a €75.00 ($92.59) price objective on shares of Lanxess and gave the company a “neutral” rating in a research report on Tuesday, February 6th. UBS Group set a €75.00 ($92.59) price objective on shares of Lanxess and gave the company a “buy” rating in a research report on Monday, February 5th. Deutsche Bank set a €69.00 ($85.19) price objective on shares of Lanxess and gave the company a “neutral” rating in a research report on Wednesday, December 13th. Finally, Credit Suisse Group set a €72.70 ($89.75) price objective on shares of Lanxess and gave the company a “neutral” rating in a research report on Thursday, January 25th. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of €71.29 ($88.01).
Shares of Lanxess (LXS) opened at €65.90 ($81.36) on Tuesday. Lanxess has a 12-month low of €59.89 ($73.94) and a 12-month high of €74.50 ($91.98). The firm has a market cap of $6,070.00 and a price-to-earnings ratio of 43.64.
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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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