LyondellBasell Industries (LYB) Upgraded at Nomura
Nomura upgraded shares of LyondellBasell Industries (NYSE:LYB) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has $113.00 target price on the specialty chemicals company’s stock, up from their previous target price of $87.00.
Several other analysts also recently issued reports on LYB. Deutsche Bank raised shares of LyondellBasell Industries from a hold rating to a buy rating and increased their price objective for the company from $94.00 to $95.00 in a research report on Monday, December 17th. Zacks Investment Research downgraded shares of LyondellBasell Industries from a hold rating to a sell rating in a research report on Wednesday, January 23rd. Alembic Global Advisors set a $120.00 price objective on shares of LyondellBasell Industries and gave the company a buy rating in a research report on Saturday, February 2nd. BMO Capital Markets lowered their price objective on shares of LyondellBasell Industries from $97.00 to $95.00 and set a market perform rating for the company in a research report on Tuesday, February 5th. Finally, Cowen reaffirmed a market perform rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $116.94.
LYB opened at $91.76 on Monday. The company has a market cap of $34.13 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. LyondellBasell Industries has a 1 year low of $77.52 and a 1 year high of $119.39. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.10.
Institutional investors have recently added to or reduced their stakes in the company. First Command Bank boosted its stake in shares of LyondellBasell Industries by 64.4% during the 1st quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 125 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of LyondellBasell Industries during the 4th quarter valued at approximately $31,000. Berman Capital Advisors LLC purchased a new position in shares of LyondellBasell Industries during the 4th quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new position in shares of LyondellBasell Industries during the 1st quarter valued at approximately $33,000. Finally, Pflug Koory LLC boosted its stake in shares of LyondellBasell Industries by 100.0% during the 4th quarter. Pflug Koory LLC now owns 400 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 200 shares during the last quarter. Institutional investors own 72.50% of the company’s stock.
About LyondellBasell Industries
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.
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