Lanxess AG (ETR:LXS) received a €75.00 ($89.29) price target from equities research analysts at Baader Bank in a report issued on Monday. The firm currently has a “buy” rating on the stock.
A number of other research analysts have also commented on the stock. Deutsche Bank AG restated a “buy” rating on shares of Lanxess AG in a research report on Thursday, June 22nd. HSBC Holdings plc set a €66.00 ($78.57) price target on shares of Lanxess AG and gave the company a “neutral” rating in a research report on Wednesday, May 24th. Credit Suisse Group set a €70.00 ($83.33) price target on shares of Lanxess AG and gave the company a “neutral” rating in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) set a €69.00 ($82.14) price target on shares of Lanxess AG and gave the company a “neutral” rating in a research report on Friday, July 14th. Finally, Macquarie set a €75.00 ($89.29) price target on shares of Lanxess AG and gave the company a “buy” rating in a research report on Wednesday, July 5th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of €71.56 ($85.19).
Shares of Lanxess AG (ETR LXS) opened at 62.952 on Monday. The firm has a market cap of €5.76 billion and a P/E ratio of 39.742. Lanxess AG has a one year low of €45.95 and a one year high of €70.85. The firm has a 50 day moving average price of €64.64 and a 200-day moving average price of €65.36.
Lanxess AG Company Profile
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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