Baader Bank set a €74.00 ($87.06) price objective on Lanxess AG (ETR:LXS) in a report published on Wednesday, July 12th. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on LXS. UBS AG set a €66.00 ($77.65) price target on Lanxess AG and gave the company a neutral rating in a research note on Saturday, May 20th. Societe Generale set a €67.00 ($78.82) price target on Lanxess AG and gave the company a neutral rating in a research note on Saturday, May 20th. Nord/LB set a €76.00 ($89.41) price target on Lanxess AG and gave the company a buy rating in a research note on Saturday, May 20th. Commerzbank Ag set a €64.00 ($75.29) price target on Lanxess AG and gave the company a buy rating in a research note on Saturday, May 20th. Finally, Barclays PLC set a €63.00 ($74.12) price target on Lanxess AG and gave the company a neutral rating in a research note on Saturday, May 20th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Lanxess AG presently has an average rating of Hold and a consensus price target of €71.72 ($84.38).

Shares of Lanxess AG (ETR LXS) traded down 0.909% on Wednesday, hitting €63.641. The stock had a trading volume of 1,342 shares. The firm has a market cap of €4.77 billion and a P/E ratio of 40.076. The company’s 50-day moving average price is €66.79 and its 200 day moving average price is €65.87. Lanxess AG has a 12-month low of €45.95 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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