Deutsche Bank AG Analysts Give Lanxess AG (ETR:LXS) a €79.00 Price Target
Several other analysts have also recently weighed in on the company. HSBC Holdings plc set a €66.00 ($77.65) price objective on Lanxess AG and gave the stock a neutral rating in a report on Wednesday, May 24th. Credit Suisse Group set a €70.00 ($82.35) price objective on Lanxess AG and gave the stock a neutral rating in a report on Friday, June 16th. Macquarie set a €75.00 ($88.24) price objective on Lanxess AG and gave the stock a buy rating in a report on Saturday, May 20th. S&P Global set a €70.00 ($82.35) price target on Lanxess AG and gave the company a neutral rating in a research note on Monday, May 29th. Finally, Kepler Capital Markets set a €87.00 ($102.35) price target on Lanxess AG and gave the company a buy rating in a research note on Wednesday, June 28th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of €71.94 ($84.64).
Shares of Lanxess AG (ETR:LXS) traded up 1.252% during trading on Tuesday, hitting €67.231. 204 shares of the stock traded hands. The company has a 50 day moving average of €67.24 and a 200-day moving average of €65.86. Lanxess AG has a 1-year low of €41.60 and a 1-year high of €70.85. The company has a market cap of €6.15 billion and a PE ratio of 28.356.
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Lanxess AG Company Profile
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.
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