Lanxess AG (LXS) Given a €75.00 Price Target at Macquarie
A number of other research firms have also weighed in on LXS. Nord/LB set a €72.00 ($85.71) price objective on Lanxess AG and gave the company a buy rating in a research note on Monday, August 14th. Independent Research GmbH set a €70.00 ($83.33) price objective on Lanxess AG and gave the company a neutral rating in a research note on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) set a €70.00 ($83.33) price objective on Lanxess AG and gave the company a neutral rating in a research note on Monday, May 29th. Credit Suisse Group set a €70.00 ($83.33) price objective on Lanxess AG and gave the company a neutral rating in a research note on Friday, June 16th. Finally, Baader Bank set a €67.00 ($79.76) price objective 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 issued a buy rating to the company. Lanxess AG currently has a consensus rating of Hold and an average target price of €71.56 ($85.19).
Shares of Lanxess AG (LXS) opened at 62.952 on Thursday. The company has a market cap of €5.76 billion and a price-to-earnings ratio of 39.742. Lanxess AG has a 12-month low of €45.95 and a 12-month high of €70.85. The firm’s 50-day moving average price is €64.64 and its 200 day moving average price is €65.36.
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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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