Lanxess AG (LXS) PT Set at €80.00 by Citigroup Inc.
Lanxess AG (ETR:LXS) has been given a €80.00 ($95.24) target price by Citigroup Inc. in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock.
A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank AG restated a “buy” rating on shares of Lanxess AG in a research note on Thursday, June 22nd. HSBC Holdings plc set a €66.00 ($78.57) price target on Lanxess AG and gave the company a “neutral” rating in a research report on Wednesday, May 24th. Credit Suisse Group set a €70.00 ($83.33) price target on Lanxess AG and gave the company a “neutral” rating in a research report on Friday, June 16th. Macquarie set a €75.00 ($89.29) price target on Lanxess AG and gave the company a “buy” rating in a research report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) set a €69.00 ($82.14) price target on Lanxess AG and gave the company a “neutral” rating in a research report on Friday, July 14th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of €71.50 ($85.12).
Shares of Lanxess AG (LXS) traded up 0.830% during trading on Wednesday, hitting €62.217. 2,091 shares of the stock traded hands. The stock has a market cap of €5.69 billion and a price-to-earnings ratio of 39.278. Lanxess AG has a 1-year low of €45.95 and a 1-year high of €70.85. The stock has a 50 day moving average price of €65.06 and a 200-day moving average price of €65.43.
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Lanxess AG Company Profile
LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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