Lanxess AG (LXS) Given a €75.00 Price Target at Baader Bank
A number of other research analysts have also recently commented on the company. Deutsche Bank AG set a €79.00 ($94.05) price target on Lanxess AG and gave the stock a buy rating in a research report on Monday, July 10th. HSBC Holdings plc set a €66.00 ($78.57) price target on Lanxess AG and gave the stock 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 stock a neutral rating in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) set a €69.00 ($82.14) price target on Lanxess AG and gave the stock a neutral rating in a research report on Friday, July 14th. Finally, Macquarie set a €75.00 ($89.29) price target on Lanxess AG and gave the stock a buy rating in a research report on Wednesday, July 5th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Lanxess AG has an average rating of Hold and an average target price of €71.56 ($85.19).
Shares of Lanxess AG (LXS) opened at 65.381 on Monday. Lanxess AG has a 52 week low of €46.09 and a 52 week high of €70.85. The stock has a 50 day moving average of €64.52 and a 200 day moving average of €65.31. The firm has a market cap of €5.98 billion and a P/E ratio of 41.276.
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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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