UBS Group set a €78.00 ($90.70) price target on Lanxess (ETR:LXS) in a research note published on Monday, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on LXS. Nord/LB set a €74.00 ($86.05) price objective on Lanxess and gave the stock a neutral rating in a research report on Wednesday, August 8th. Baader Bank set a €65.00 ($75.58) price objective on Lanxess and gave the stock a sell rating in a research report on Wednesday, August 8th. Jefferies Financial Group set a €69.00 ($80.23) price objective on Lanxess and gave the stock a neutral rating in a research report on Thursday, August 9th. Kepler Capital Markets set a €86.00 ($100.00) price objective on Lanxess and gave the stock a buy rating in a research report on Thursday, August 9th. Finally, Goldman Sachs Group set a €85.00 ($98.84) price objective on Lanxess and gave the stock a buy rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. Lanxess has an average rating of Hold and an average price target of €70.48 ($81.95).

LXS stock opened at €53.38 ($62.07) on Monday. Lanxess has a fifty-two week low of €59.89 ($69.64) and a fifty-two week high of €74.50 ($86.63).

Lanxess Company Profile

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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Analyst Recommendations for Lanxess (ETR:LXS)

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