Lanxess (LXS) Given a €52.00 Price Target at Jefferies Financial Group
Jefferies Financial Group set a €52.00 ($60.47) price objective on Lanxess (ETR:LXS) in a report released on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other research analysts also recently commented on the stock. UBS Group set a €53.00 ($61.63) price objective on shares of Lanxess and gave the company a neutral rating in a report on Thursday, April 11th. Baader Bank set a €45.00 ($52.33) price objective on shares of Lanxess and gave the company a sell rating in a report on Thursday, April 11th. Morgan Stanley set a €54.00 ($62.79) price objective on shares of Lanxess and gave the company a neutral rating in a report on Wednesday, April 10th. Warburg Research set a €67.00 ($77.91) price objective on shares of Lanxess and gave the company a buy rating in a report on Wednesday, April 10th. Finally, Goldman Sachs Group set a €63.00 ($73.26) price target on shares of Lanxess and gave the company a buy rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of €61.76 ($71.81).
LXS opened at €54.40 ($63.26) on Monday. Lanxess has a 52 week low of €39.47 ($45.90) and a 52 week high of €72.60 ($84.42). The stock has a market cap of $4.90 billion and a price-to-earnings ratio of 11.55. The company has a quick ratio of 1.67, a current ratio of 2.57 and a debt-to-equity ratio of 98.99.
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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