Lanxess (LXS) Given a €65.00 Price Target at Cfra
LXS has been the subject of a number of other reports. Independent Research set a €72.00 ($83.72) target price on Lanxess and gave the stock a neutral rating in a research note on Friday, August 10th. Citigroup set a €80.00 ($93.02) target price on Lanxess and gave the stock a buy rating in a research note on Friday, September 21st. Nord/LB set a €62.00 ($72.09) target price on Lanxess and gave the stock a buy rating in a research note on Monday. Kepler Capital Markets set a €86.00 ($100.00) target price on Lanxess and gave the stock a buy rating in a research note on Wednesday, September 19th. Finally, Goldman Sachs Group set a €84.00 ($97.67) target price on Lanxess and gave the stock a buy rating in a research note on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of €70.70 ($82.20).
Shares of LXS opened at €53.90 ($62.67) on Tuesday. Lanxess has a 52-week low of €59.89 ($69.64) and a 52-week high of €74.50 ($86.63).
LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.
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