LyondellBasell Industries (NYSE:LYB) had its price objective boosted by analysts at Barclays from $115.00 to $125.00 in a research note issued to investors on Monday. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. Barclays’ price target would indicate a potential upside of 11.44% from the stock’s current price.
A number of other equities research analysts have also commented on LYB. lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 price objective on the stock. in a research note on Tuesday, October 10th. Jefferies Group reissued a “hold” rating and set a $95.00 target price (up from $88.00) on shares of LyondellBasell Industries in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Thursday, October 12th. UBS Group increased their target price on shares of LyondellBasell Industries from $88.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Finally, Cowen increased their target price on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $106.32.
Shares of LyondellBasell Industries (NYSE:LYB) opened at $112.17 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57. LyondellBasell Industries has a 12 month low of $78.01 and a 12 month high of $121.95. The company has a market cap of $44,246.61, a price-to-earnings ratio of 9.16, a PEG ratio of 1.30 and a beta of 1.05.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LYB. Bank of New York Mellon Corp raised its holdings in LyondellBasell Industries by 38.1% during the third quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock worth $416,972,000 after buying an additional 1,160,471 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in LyondellBasell Industries by 19.4% during the third quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock worth $652,840,000 after buying an additional 1,069,625 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in LyondellBasell Industries by 2,197.3% during the third quarter. Asset Management One Co. Ltd. now owns 526,342 shares of the specialty chemicals company’s stock worth $52,139,000 after buying an additional 503,431 shares during the last quarter. APG Asset Management N.V. raised its holdings in LyondellBasell Industries by 26.0% during the third quarter. APG Asset Management N.V. now owns 2,385,633 shares of the specialty chemicals company’s stock worth $236,297,000 after buying an additional 492,500 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in LyondellBasell Industries by 27.4% during the third quarter. Wells Fargo & Company MN now owns 1,750,468 shares of the specialty chemicals company’s stock worth $173,383,000 after buying an additional 376,317 shares during the last quarter. Hedge funds and other institutional investors own 74.28% of the company’s stock.
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About LyondellBasell Industries
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.
