Lanxess (LXS) PT Set at €67.00 by Warburg Research
Lanxess (ETR:LXS) has been assigned a €67.00 ($77.91) price target by analysts at Warburg Research in a report issued on Tuesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Warburg Research’s target price indicates a potential upside of 41.80% from the company’s previous close.
Several other equities research analysts also recently issued reports on LXS. Credit Suisse Group set a €55.50 ($64.53) price objective on Lanxess and gave the stock a “neutral” rating in a report on Thursday, January 17th. Baader Bank set a €49.00 ($56.98) price objective on Lanxess and gave the stock a “neutral” rating in a report on Friday, January 18th. Goldman Sachs Group set a €57.00 ($66.28) price objective on Lanxess and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Nord/LB set a €62.00 ($72.09) price objective on Lanxess and gave the stock a “buy” rating in a report on Thursday, January 24th. Finally, DZ Bank restated a “neutral” rating on shares of Lanxess in a report on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of €61.67 ($71.71).
LXS stock opened at €47.25 ($54.94) on Tuesday. The company has a current ratio of 2.57, a quick ratio of 1.67 and a debt-to-equity ratio of 98.99. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week high of €72.60 ($84.42). The company has a market cap of $4.18 billion and a price-to-earnings ratio of 10.03.
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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