Baader Bank set a €45.00 ($52.33) price objective on Lanxess (ETR:LXS) in a research note released on Wednesday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
LXS has been the topic of several other research reports. UBS Group set a €56.00 ($65.12) price target on shares of Lanxess and gave the stock a neutral rating in a research report on Monday, September 2nd. Berenberg Bank set a €55.00 ($63.95) price target on shares of Lanxess and gave the stock a neutral rating in a research report on Wednesday, September 25th. Jefferies Financial Group set a €54.00 ($62.79) price target on shares of Lanxess and gave the stock a neutral rating in a research report on Wednesday, August 7th. Barclays set a €57.00 ($66.28) price target on shares of Lanxess and gave the stock a neutral rating in a research report on Thursday, September 26th. Finally, DZ Bank reiterated a neutral rating on shares of Lanxess in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of €59.85 ($69.59).
ETR LXS traded up €0.34 ($0.40) on Wednesday, hitting €62.32 ($72.47). 257,377 shares of the company were exchanged, compared to its average volume of 312,027. The firm has a 50 day moving average of €58.53 and a two-hundred day moving average of €53.20. The company has a market cap of $5.42 billion and a P/E ratio of 14.33. The company has a current ratio of 2.72, a quick ratio of 1.51 and a debt-to-equity ratio of 107.55. Lanxess has a 1-year low of €39.47 ($45.90) and a 1-year high of €62.36 ($72.51).
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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