Independent Research Analysts Give Lanxess (LXS) a €73.00 Price Target
Lanxess (ETR:LXS) received a €73.00 ($90.12) target price from equities researchers at Independent Research in a research note issued on Friday, January 5th. The brokerage currently has a “neutral” rating on the stock. Independent Research’s target price points to a potential upside of 1.96% from the company’s current price.
LXS has been the subject of a number of other reports. DZ Bank reaffirmed a “buy” rating on shares of Lanxess in a research note on Friday, September 8th. Deutsche Bank set a €79.00 ($97.53) price target on Lanxess and gave the stock a “buy” rating in a report on Thursday, September 28th. Nord/LB set a €72.00 ($88.89) price target on Lanxess and gave the stock a “buy” rating in a report on Thursday, September 7th. Societe Generale set a €67.00 ($82.72) price target on Lanxess and gave the stock a “neutral” rating in a report on Thursday, September 7th. Finally, Macquarie set a €75.00 ($92.59) price target on Lanxess and gave the stock a “buy” rating in a report on Wednesday, September 13th. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Lanxess currently has an average rating of “Hold” and a consensus price target of €71.09 ($87.76).
Shares of Lanxess (LXS) traded down €0.42 ($0.52) during trading on Friday, reaching €71.60 ($88.40). The company had a trading volume of 324,809 shares, compared to its average volume of 334,644. Lanxess has a 52 week low of €59.89 ($73.94) and a 52 week high of €74.50 ($91.98). The company has a market capitalization of $6,550.00 and a price-to-earnings ratio of 47.42.
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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