JPMorgan Chase & Co. set a €65.00 ($75.58) price target on Lanxess (ETR:LXS) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Other equities research analysts have also recently issued reports about the stock. UBS Group set a €56.00 ($65.12) price objective on shares of Lanxess and gave the stock a neutral rating in a report on Wednesday, November 13th. Warburg Research set a €77.30 ($89.88) target price on Lanxess and gave the company a buy rating in a report on Wednesday, November 13th. Baader Bank set a €45.00 ($52.33) target price on Lanxess and gave the company a sell rating in a report on Wednesday, November 13th. Jefferies Financial Group set a €70.00 ($81.40) price target on Lanxess and gave the stock a neutral rating in a research report on Monday. Finally, Berenberg Bank set a €55.00 ($63.95) price target on Lanxess and gave the stock a neutral rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of €62.17 ($72.29).
Shares of Lanxess stock traded down €0.70 ($0.81) during midday trading on Tuesday, reaching €61.50 ($71.51). 512,201 shares of the company’s stock traded hands, compared to its average volume of 312,027. The company has a market cap of $5.32 billion and a price-to-earnings ratio of 15.61. The company’s 50 day simple moving average is €59.42 and its 200 day simple moving average is €53.48. The company has a debt-to-equity ratio of 102.70, a quick ratio of 1.54 and a current ratio of 2.70. Lanxess has a 52 week low of €39.47 ($45.90) and a 52 week high of €64.00 ($74.42).
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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