Lanxess (ETR:LXS) Given a €50.00 Price Target at Jefferies Financial Group

Lanxess (ETR:LXS) has been given a €50.00 ($58.14) target price by stock analysts at Jefferies Financial Group in a report issued on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 5.87% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Baader Bank set a €46.00 ($53.49) price target on shares of Deutsche Wohnen and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Warburg Research set a €60.00 ($69.77) price objective on shares of Indus and gave the stock a “buy” rating in a report on Tuesday, May 14th. Berenberg Bank set a €126.00 ($146.51) price objective on shares of Nemetschek and gave the stock a “neutral” rating in a report on Thursday, March 21st. Credit Suisse Group set a €19.00 ($22.09) price objective on shares of K&S and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Bayerische Motoren Werke in a report on Monday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Lanxess presently has a consensus rating of “Hold” and an average target price of €61.85 ($71.92).

Shares of LXS stock traded up €0.14 ($0.16) during trading hours on Tuesday, hitting €53.12 ($61.77). 404,714 shares of the company were exchanged, compared to its average volume of 312,027. The company’s fifty day moving average price is €48.50. The company has a debt-to-equity ratio of 101.71, a current ratio of 2.61 and a quick ratio of 1.53. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week high of €72.42 ($84.21). The firm has a market cap of $4.87 billion and a PE ratio of 11.57.

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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