Lanxess AG (ETR:LXS) has earned a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is €61.30 ($71.27).
Several research analysts recently issued reports on the stock. Morgan Stanley set a $165.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a report on Wednesday, April 10th. Jefferies Financial Group reissued a “buy” rating and set a $30.00 target price on shares of Amarin in a report on Tuesday. Credit Suisse Group set a €19.00 ($22.09) target price on shares of K&S and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Warburg Research set a €60.00 ($69.77) price objective on shares of Indus and gave the company a “buy” rating in a report on Tuesday, May 14th. Finally, Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, July 4th.
Shares of Lanxess stock traded up €1.16 ($1.35) during trading on Friday, hitting €54.28 ($63.12). 331,947 shares of the company’s stock were exchanged, compared to its average volume of 312,027. The company has a quick ratio of 1.53, a current ratio of 2.61 and a debt-to-equity ratio of 101.71. The firm’s 50-day simple moving average is €48.71. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week 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: Are analyst ratings accurate?
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.