Lanxess (ETR:LXS) Given a €73.00 Price Target at Deutsche Bank

Lanxess (ETR:LXS) has been assigned a €73.00 ($84.88) price target by investment analysts at Deutsche Bank in a note issued to investors on Monday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 21.02% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Kepler Capital Markets set a €50.00 ($58.14) target price on shares of Lanxess and gave the company a “sell” rating in a report on Tuesday, November 19th. Nord/LB set a €55.00 ($63.95) price target on Lanxess and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Commerzbank set a €75.00 ($87.21) price target on Lanxess and gave the company a “buy” rating in a research report on Wednesday, November 20th. Goldman Sachs Group set a €61.00 ($70.93) price objective on Lanxess and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Bank of America set a €66.00 ($76.74) price objective on Lanxess and gave the stock a “buy” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of €64.00 ($74.42).

Shares of ETR:LXS opened at €60.32 ($70.14) on Monday. Lanxess has a 1-year low of €39.47 ($45.90) and a 1-year high of €64.58 ($75.09). The company has a debt-to-equity ratio of 102.70, a current ratio of 2.70 and a quick ratio of 1.54. The stock has a market cap of $5.27 billion and a P/E ratio of 15.31. The firm has a fifty day moving average price of €60.93 and a 200 day moving average price of €54.50.

About Lanxess

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.

Featured Story: What is the price-to-earnings growth (PEG) ratio?

Analyst Recommendations for Lanxess (ETR:LXS)

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.