Lanxess (LXS) Receives “Neutral” Rating from DZ Bank
DZ Bank restated their neutral rating on shares of Lanxess (ETR:LXS) in a research report sent to investors on Monday morning, Borsen Zeitung reports.
A number of other research firms have also recently issued reports on LXS. Jefferies Financial Group set a €52.00 ($60.47) target price on Lanxess and gave the stock a neutral rating in a report on Monday, April 15th. Goldman Sachs Group set a €63.00 ($73.26) target price on Lanxess and gave the stock a buy rating in a report on Monday, April 8th. JPMorgan Chase & Co. set a €60.00 ($69.77) target price on Lanxess and gave the stock a buy rating in a report on Thursday, April 4th. Warburg Research set a €67.00 ($77.91) target price on Lanxess and gave the stock a buy rating in a report on Wednesday, April 10th. Finally, Morgan Stanley set a €54.00 ($62.79) target price on Lanxess and gave the stock a neutral rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of €61.72 ($71.76).
LXS stock opened at €47.11 ($54.78) on Monday. The stock has a market cap of $4.17 billion and a price-to-earnings ratio of 10.26. The company has a debt-to-equity ratio of 101.71, a current ratio of 2.61 and a quick ratio of 1.53. Lanxess has a 1 year low of €39.47 ($45.90) and a 1 year high of €72.60 ($84.42).
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.
Featured Story: How to Track your Portfolio in Google Finance
Receive News & Ratings for Lanxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lanxess and related companies with MarketBeat.com's FREE daily email newsletter.