LyondellBasell Industries (NYSE:LYB) had its price objective hoisted by equities research analysts at Citigroup from $120.00 to $125.00 in a report released on Tuesday. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price objective suggests a potential upside of 12.39% from the company’s current price.
LYB has been the topic of several other research reports. Morgan Stanley set a $115.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a research note on Saturday, December 2nd. Cowen boosted their price objective on LyondellBasell Industries from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. Royal Bank of Canada reissued a “hold” rating and issued a $119.00 price objective on shares of LyondellBasell Industries in a research note on Thursday, January 25th. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Thursday, October 12th. Finally, UBS Group boosted their price objective on LyondellBasell Industries from $96.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $107.84.
Shares of LyondellBasell Industries (NYSE:LYB) traded up $2.45 during mid-day trading on Tuesday, reaching $111.22. The company had a trading volume of 633,893 shares, compared to its average volume of 2,000,031. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96. The firm has a market cap of $44,246.61, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.30 and a beta of 1.05. LyondellBasell Industries has a twelve month low of $78.01 and a twelve month high of $121.95.
Hedge funds have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC bought a new stake in shares of LyondellBasell Industries during the third quarter worth $109,000. TCI Wealth Advisors Inc. raised its position in shares of LyondellBasell Industries by 229.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock worth $112,000 after acquiring an additional 708 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of LyondellBasell Industries by 149.2% during the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after acquiring an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of LyondellBasell Industries during the fourth quarter worth $134,000. Finally, Oakworth Capital Inc. raised its position in shares of LyondellBasell Industries by 47.5% during the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after acquiring an additional 501 shares during the last quarter. Institutional investors own 74.28% of the company’s stock.
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.
