UBS Group set a €53.00 ($61.63) price objective on Lanxess (ETR:LXS) in a research note published on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
LXS has been the topic of several other reports. Morgan Stanley set a $165.00 price target on shares of Caterpillar and gave the stock a buy rating in a research report on Wednesday, April 10th. Goldman Sachs Group raised shares of Diageo from a sell rating to a neutral rating in a research report on Thursday, July 4th. Baader Bank set a €112.00 ($130.23) price target on shares of Bechtle and gave the stock a neutral rating in a research report on Tuesday, July 9th. Nord/LB set a €53.00 ($61.63) price target on shares of Lanxess and gave the stock a neutral rating in a research report on Tuesday, May 21st. Finally, Jefferies Financial Group reissued a buy rating and set a $30.00 price target on shares of Amarin in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. Lanxess presently has an average rating of Hold and an average target price of €61.85 ($71.92).
Shares of ETR:LXS opened at €54.28 ($63.12) on Thursday. The business’s 50-day simple moving average is €48.71. The company has a quick ratio of 1.53, a current ratio of 2.61 and a debt-to-equity ratio of 101.71. Lanxess has a one year low of €39.47 ($45.90) and a one year high of €72.42 ($84.21). The company has a market cap of $4.97 billion and a PE ratio of 11.82.
LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.
Further Reading: What is the Fibonacci sequence?
Receive News & Ratings for Lanxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lanxess and related companies with MarketBeat.com's FREE daily email newsletter.