Lanxess’ (LXS) “Buy” Rating Reaffirmed at Goldman Sachs Group

Goldman Sachs Group reaffirmed their buy rating on shares of Lanxess (ETR:LXS) in a research note issued to investors on Monday morning, Borsen Zeitung reports.

Several other brokerages have also commented on LXS. Morgan Stanley set a €54.00 ($62.79) target price on shares of Lanxess and gave the stock a neutral rating in a research report on Monday, July 15th. Kepler Capital Markets set a €50.00 ($58.14) target price on shares of Lanxess and gave the stock a sell rating in a research report on Monday, September 9th. HSBC set a €80.00 ($93.02) target price on shares of Lanxess and gave the stock a buy rating in a research report on Monday, August 5th. UBS Group set a €56.00 ($65.12) target price on shares of Lanxess and gave the stock a neutral rating in a research report on Monday, September 2nd. Finally, Berenberg Bank set a €55.00 ($63.95) price objective on shares of Lanxess and gave the stock a neutral rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of €61.40 ($71.39).

Shares of ETR LXS opened at €55.74 ($64.81) on Monday. The firm has a market capitalization of $4.87 billion and a P/E ratio of 12.82. Lanxess has a one year low of €39.47 ($45.90) and a one year high of €67.50 ($78.49). The company’s fifty day moving average is €53.57 and its two-hundred day moving average is €51.11. The company has a debt-to-equity ratio of 107.55, a quick ratio of 1.51 and a current ratio of 2.72.

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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