Lanxess AG (LXS) Given a €67.00 Price Target at Societe Generale
Lanxess AG (ETR:LXS) has been given a €67.00 ($79.76) price objective by research analysts at Societe Generale in a report released on Thursday. The firm presently has a “neutral” rating on the stock.
Several other analysts have also commented on the company. Macquarie set a €75.00 ($89.29) price objective on Lanxess AG and gave the company a “buy” rating in a report on Thursday. UBS AG set a €67.00 ($79.76) price target on Lanxess AG and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup Inc. set a €80.00 ($95.24) price target on Lanxess AG and gave the stock a “buy” rating in a research report on Wednesday. J P Morgan Chase & Co set a €67.00 ($79.76) price target on Lanxess AG and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Deutsche Bank AG set a €79.00 ($94.05) target price on Lanxess AG and gave the company a “buy” rating in a research report on Wednesday. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of €71.50 ($85.12).
Lanxess AG (ETR:LXS) opened at 63.061 on Thursday. Lanxess AG has a 52 week low of €45.95 and a 52 week high of €70.85. The stock’s 50 day moving average is €64.89 and its 200-day moving average is €65.39. The firm has a market capitalization of €5.77 billion and a price-to-earnings ratio of 39.811.
About Lanxess AG
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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