Bank of America Analysts Give Lanxess (ETR:LXS) a €66.00 Price Target

Bank of America set a €66.00 ($76.74) price objective on Lanxess (ETR:LXS) in a research report released on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on the company. Kepler Capital Markets set a €50.00 ($58.14) price objective on Lanxess and gave the company a sell rating in a report on Wednesday, November 13th. Goldman Sachs Group set a €61.00 ($70.93) price target on Lanxess and gave the stock a neutral rating in a research note on Wednesday, November 13th. Warburg Research set a €77.30 ($89.88) price target on Lanxess and gave the stock a buy rating in a research note on Wednesday, November 13th. Jefferies Financial Group set a €54.00 ($62.79) price target on Lanxess and gave the stock a neutral rating in a research note on Wednesday, August 7th. Finally, Barclays set a €57.00 ($66.28) price target on Lanxess and gave the stock a neutral rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of €61.41 ($71.40).

Shares of LXS traded down €0.38 ($0.44) during mid-day trading on Monday, reaching €62.20 ($72.33). The company’s stock had a trading volume of 290,554 shares, compared to its average volume of 312,027. Lanxess has a 12-month low of €39.47 ($45.90) and a 12-month high of €64.00 ($74.42). The stock has a market cap of $5.44 billion and a PE ratio of 15.79. The company has a debt-to-equity ratio of 102.70, a current ratio of 2.70 and a quick ratio of 1.54. The company’s 50 day moving average is €59.28 and its 200 day moving average is €53.42.

Lanxess Company Profile

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.

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Analyst Recommendations for Lanxess (ETR:LXS)

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