Lanxess (ETR:LXS)‘s stock had its “buy” rating reissued by equities researchers at Bank of America in a note issued to investors on Thursday.

A number of other brokerages have also recently issued reports on LXS. JPMorgan Chase & Co. set a €67.00 ($79.76) target price on shares of Lanxess and gave the stock a “neutral” rating in a research report on Monday, January 8th. Independent Research set a €73.00 ($86.90) target price on shares of Lanxess and gave the stock a “neutral” rating in a research report on Friday, January 5th. Deutsche Bank set a €70.00 ($83.33) target price on shares of Lanxess and gave the stock a “neutral” rating in a research report on Friday, January 5th. Kepler Capital Markets set a €83.00 ($98.81) target price on shares of Lanxess and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Morgan Stanley set a €64.00 ($76.19) target price on shares of Lanxess and gave the stock a “neutral” rating in a research report on Tuesday, December 26th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of €70.80 ($84.29).

Shares of Lanxess (ETR:LXS) traded up €0.20 ($0.24) on Thursday, reaching €69.14 ($82.31). 239,782 shares of the company’s stock were exchanged, compared to its average volume of 334,740. The firm has a market capitalization of $6,330.00 and a PE ratio of 45.79. Lanxess has a one year low of €59.89 ($71.30) and a one year high of €70.67 ($84.13).

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About Lanxess

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.

Analyst Recommendations for Lanxess (ETR:LXS)

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