Lanxess AG (ETR:LXS) Receives €63.82 Average Target Price from Analysts
Lanxess AG (ETR:LXS) has received an average rating of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is €63.82 ($74.21).
LXS has been the subject of several research analyst reports. JPMorgan Chase & Co. set a €65.00 ($75.58) target price on Lanxess and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Kepler Capital Markets set a €50.00 ($58.14) price objective on Lanxess and gave the company a “sell” rating in a research note on Tuesday, November 19th. Berenberg Bank set a €55.00 ($63.95) price objective on Lanxess and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Barclays set a €57.00 ($66.28) price objective on Lanxess and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, Bank of America set a €66.00 ($76.74) price objective on Lanxess and gave the company a “buy” rating in a research note on Monday, November 18th.
Shares of LXS traded up €0.74 ($0.86) during mid-day trading on Tuesday, hitting €59.98 ($69.74). 198,384 shares of the company traded hands, compared to its average volume of 312,027. Lanxess has a 1-year low of €39.47 ($45.90) and a 1-year high of €64.58 ($75.09). The company has a quick ratio of 1.54, a current ratio of 2.70 and a debt-to-equity ratio of 102.70. The company has a market capitalization of $5.25 billion and a PE ratio of 15.23. The business has a 50 day moving average of €60.93 and a 200 day moving average of €54.50.
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: What are the qualifications of a portfolio manager?
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.