LyondellBasell Industries (NYSE:LYB) Now Covered by Analysts at JPMorgan Chase & Co.
JPMorgan Chase & Co. assumed coverage on shares of LyondellBasell Industries (NYSE:LYB) in a research report sent to investors on Friday morning, Briefing.com Automated Import reports. The brokerage issued an underweight rating and a $80.00 price objective on the specialty chemicals company’s stock.
Several other research analysts have also recently weighed in on the company. Nomura cut Infosys from a neutral rating to a reduce rating in a research note on Monday, April 15th. Citigroup raised Infosys from a neutral rating to a buy rating in a research note on Friday, July 12th. Deutsche Bank reaffirmed a buy rating and set a GBX 430 ($5.62) target price on shares of in a research note on Monday, June 17th. Jefferies Financial Group raised their target price on LyondellBasell Industries from $99.00 to $104.00 and gave the company a buy rating in a research note on Tuesday, June 11th. Finally, Bank of America set a $18.00 target price on Victory Capital and gave the company a buy rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $107.38.
Shares of LYB stock opened at $84.22 on Friday. The company’s 50-day moving average price is $85.26. LyondellBasell Industries has a fifty-two week low of $73.94 and a fifty-two week high of $116.63. The company has a market capitalization of $31.82 billion, a PE ratio of 7.47, a P/E/G ratio of 0.92 and a beta of 1.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.83.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of LyondellBasell Industries by 1.2% in the 1st quarter. BlackRock Inc. now owns 22,850,940 shares of the specialty chemicals company’s stock valued at $1,921,305,000 after purchasing an additional 275,890 shares during the period. Janus Henderson Group PLC boosted its position in LyondellBasell Industries by 1.7% during the 1st quarter. Janus Henderson Group PLC now owns 5,656,949 shares of the specialty chemicals company’s stock worth $475,637,000 after acquiring an additional 93,201 shares during the period. Deutsche Bank AG boosted its position in LyondellBasell Industries by 45.4% during the 4th quarter. Deutsche Bank AG now owns 4,474,550 shares of the specialty chemicals company’s stock worth $372,096,000 after acquiring an additional 1,396,953 shares during the period. Geode Capital Management LLC boosted its position in LyondellBasell Industries by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 4,325,044 shares of the specialty chemicals company’s stock worth $359,186,000 after acquiring an additional 203,826 shares during the period. Finally, LSV Asset Management boosted its position in LyondellBasell Industries by 6.0% during the 1st quarter. LSV Asset Management now owns 3,932,378 shares of the specialty chemicals company’s stock worth $330,634,000 after acquiring an additional 224,003 shares during the period. Institutional investors and hedge funds own 68.89% of the company’s stock.
LyondellBasell Industries Company Profile
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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