Lanxess (ETR:LXS) Given a €59.00 Price Target at Independent Research

Independent Research set a €59.00 ($68.60) price target on Lanxess (ETR:LXS) in a report published on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

LXS has been the subject of several other research reports. Credit Suisse Group set a €54.00 ($62.79) price target on shares of Lanxess and gave the company a neutral rating in a research report on Tuesday, May 14th. Kepler Capital Markets set a €47.00 ($54.65) target price on shares of Lanxess and gave the stock a sell rating in a report on Tuesday, May 14th. Baader Bank set a €45.00 ($52.33) target price on shares of Lanxess and gave the stock a sell rating in a report on Friday, August 2nd. JPMorgan Chase & Co. set a €60.00 ($69.77) target price on shares of Lanxess and gave the stock a buy rating in a report on Friday, August 2nd. Finally, Deutsche Bank set a €70.00 ($81.40) target price on shares of Lanxess and gave the stock a buy rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of €60.92 ($70.84).

Shares of LXS opened at €49.66 ($57.74) on Monday. The company has a market capitalization of $4.55 billion and a P/E ratio of 11.42. The company has a quick ratio of 1.51, a current ratio of 2.72 and a debt-to-equity ratio of 107.55. The firm has a 50 day moving average of €53.46 and a 200 day moving average of €50.06. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €70.66 ($82.16).

Lanxess Company Profile

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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