Lanxess (LXS) Given a €62.00 Price Target by Nord/LB Analysts

Lanxess (ETR:LXS) has been assigned a €62.00 ($72.09) price target by analysts at Nord/LB in a report released on Monday. The firm presently has a “buy” rating on the stock. Nord/LB’s price target would indicate a potential upside of 11.23% from the stock’s current price.

LXS has been the subject of a number of other research reports. Independent Research set a €72.00 ($83.72) target price on shares of Lanxess and gave the stock a “neutral” rating in a research report on Friday, August 10th. Citigroup set a €80.00 ($93.02) target price on shares of Lanxess and gave the stock a “buy” rating in a research report on Friday, September 21st. Kepler Capital Markets set a €86.00 ($100.00) target price on shares of Lanxess and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Goldman Sachs Group set a €84.00 ($97.67) target price on shares of Lanxess and gave the stock a “buy” rating in a research report on Monday, October 8th. Finally, UBS Group set a €78.00 ($90.70) target price on shares of Lanxess and gave the stock a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. Lanxess currently has an average rating of “Hold” and an average price target of €70.80 ($82.33).

ETR:LXS opened at €55.74 ($64.81) on Monday. Lanxess has a 12 month low of €59.89 ($69.64) and a 12 month high of €74.50 ($86.63).

About Lanxess

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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Analyst Recommendations for Lanxess (ETR:LXS)

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