Lanxess AG (LXS) Given a €74.00 Price Target by Baader Bank Analysts
A number of other analysts have also weighed in on LXS. Macquarie set a €75.00 ($89.29) price objective on Lanxess AG and gave the company a buy rating in a research note on Saturday, May 20th. Kepler Capital Markets set a €87.00 ($103.57) price objective on Lanxess AG and gave the company a buy rating in a research note on Tuesday, August 29th. Jefferies Group LLC set a €69.00 ($82.14) price objective on Lanxess AG and gave the company a neutral rating in a research note on Friday, May 26th. Goldman Sachs Group, Inc. (The) set a €69.00 ($82.14) price objective on Lanxess AG and gave the company a neutral rating in a research note on Friday, July 14th. Finally, Commerzbank Ag set a €64.00 ($76.19) price objective on Lanxess AG and gave the company a buy rating in a research note on Thursday, August 10th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Lanxess AG currently has an average rating of Hold and an average target price of €71.50 ($85.12).
Shares of Lanxess AG (LXS) opened at 62.952 on Tuesday. The company’s 50-day moving average is €64.64 and its 200 day moving average is €65.36. Lanxess AG has a 52-week low of €45.95 and a 52-week high of €70.85. The firm has a market capitalization of €5.76 billion and a P/E ratio of 39.742.
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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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