HSBC set a €84.00 ($97.67) price objective on Lanxess (ETR:LXS) in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other research firms have also weighed in on LXS. Barclays set a €55.00 ($63.95) price objective on shares of Lanxess and gave the company a neutral rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. restated a buy rating on shares of Lanxess in a report on Friday, September 6th. Deutsche Bank set a €70.00 ($81.40) target price on shares of Lanxess and gave the company a buy rating in a report on Monday, August 5th. Berenberg Bank set a €55.00 ($63.95) target price on shares of Lanxess and gave the company a neutral rating in a report on Tuesday, August 6th. Finally, Goldman Sachs Group restated a buy rating on shares of Lanxess in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of €60.73 ($70.61).
ETR:LXS opened at €54.66 ($63.56) on Wednesday. The firm has a 50 day simple moving average of €53.58 and a 200-day simple moving average of €51.14. The company has a debt-to-equity ratio of 107.55, a current ratio of 2.72 and a quick ratio of 1.51. The firm has a market cap of $4.78 billion and a PE ratio of 12.57. Lanxess has a 1-year low of €39.47 ($45.90) and a 1-year high of €67.50 ($78.49).
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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