LyondellBasell Industries NV (NYSE:LYB) has been assigned an average rating of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $98.87.

LYB has been the subject of several research reports. Zacks Investment Research downgraded LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and set a $94.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. UBS AG restated a “neutral” rating and set a $88.00 price objective (up from $85.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. BidaskClub downgraded LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC set a $88.00 price objective on LyondellBasell Industries NV and gave the stock a “hold” rating in a research report on Monday, August 21st.

Shares of LyondellBasell Industries NV (LYB) traded up $0.07 during trading on Friday, hitting $104.26. The company had a trading volume of 1,533,300 shares, compared to its average volume of 2,553,242. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.40 and a quick ratio of 1.49. LyondellBasell Industries NV has a 1 year low of $78.01 and a 1 year high of $107.83. The firm has a market cap of $41,126.40, a P/E ratio of 10.78, a P/E/G ratio of 1.16 and a beta of 1.08.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of LyondellBasell Industries NV stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

A number of hedge funds have recently modified their holdings of LYB. Seven Bridges Advisors LLC lifted its holdings in LyondellBasell Industries NV by 32.8% in the 2nd quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 478 shares in the last quarter. BDO Wealth Advisors LLC lifted its holdings in LyondellBasell Industries NV by 64.5% in the 3rd quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock worth $177,000 after buying an additional 700 shares in the last quarter. WESPAC Advisors SoCal LLC lifted its holdings in LyondellBasell Industries NV by 4.9% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 100 shares in the last quarter. WFG Advisors LP lifted its holdings in LyondellBasell Industries NV by 66.4% in the 2nd quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock worth $187,000 after buying an additional 883 shares in the last quarter. Finally, HighVista Strategies LLC acquired a new position in LyondellBasell Industries NV in the 2nd quarter worth $203,000. Hedge funds and other institutional investors own 74.27% of the company’s stock.

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LyondellBasell Industries NV Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Analyst Recommendations for LyondellBasell Industries NV (NYSE:LYB)

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