Shares of Lanxess AG (ETR:LXS) have been assigned a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is €71.94 ($81.76).

Several equities research analysts recently weighed in on the company. Warburg Research set a €79.00 ($89.77) price target on Lanxess AG and gave the stock a “buy” rating in a research note on Saturday, May 20th. Baader Bank set a €67.00 ($76.14) price target on Lanxess AG and gave the stock a “neutral” rating in a research note on Saturday, May 20th. Nord/LB set a €76.00 ($86.36) price target on Lanxess AG and gave the stock a “buy” rating in a research note on Saturday, May 20th. Commerzbank Ag set a €64.00 ($72.73) price target on Lanxess AG and gave the stock a “buy” rating in a research note on Saturday, May 20th. Finally, Independent Research GmbH set a €72.00 ($81.82) price target on Lanxess AG and gave the stock a “neutral” rating in a research note on Saturday, May 20th.

Lanxess AG (LXS) traded up 0.534% during midday trading on Tuesday, reaching €68.958. 3,169 shares of the company traded hands. The firm has a market capitalization of €6.31 billion and a price-to-earnings ratio of 29.084. The firm’s 50 day moving average price is €66.99 and its 200 day moving average price is €65.20. Lanxess AG has a 12 month low of €37.77 and a 12 month high of €70.85.

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About Lanxess AG

LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Its business activities are divided into three segments: Performance Polymers, responsible for the manufacture of special-purpose rubbers for rubber products used in vehicles, footwear, engineering and construction area, among others; Advanced Intermediates, focused on the development of intermediates for agrochemicals, coatings industries, pharmaceuticals and tire chemicals, among others, as well as Performance Chemicals, which includes chemicals applied in material protection products, inorganic pigments, finishing agents, leather industry and resins for water treatment, among others.

Analyst Recommendations for Lanxess AG (ETR:LXS)

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