Lanxess (ETR:LXS) Given a €66.00 Price Target by Bank of America Analysts

Bank of America set a €66.00 ($76.74) price target on Lanxess (ETR:LXS) in a research note issued to investors on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on LXS. Credit Suisse Group set a €57.00 ($66.28) price target on Lanxess and gave the company a neutral rating in a research note on Thursday, November 14th. Goldman Sachs Group set a €61.00 ($70.93) price target on Lanxess and gave the company a neutral rating in a research note on Wednesday, November 13th. Barclays set a €57.00 ($66.28) price target on Lanxess and gave the company a neutral rating in a research note on Thursday, September 26th. UBS Group set a €56.00 ($65.12) price target on Lanxess and gave the company a neutral rating in a research note on Wednesday, November 13th. Finally, Deutsche Bank set a €70.00 ($81.40) price target on Lanxess and gave the company a buy rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of €61.41 ($71.40).

Shares of Lanxess stock traded down €0.38 ($0.44) during trading hours on Monday, hitting €62.20 ($72.33). The company’s stock had a trading volume of 290,554 shares, compared to its average volume of 312,027. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €64.00 ($74.42). The firm has a fifty day moving average of €59.28 and a 200-day moving average of €53.42. The stock has a market cap of $5.44 billion and a price-to-earnings ratio of 15.79. The company has a debt-to-equity ratio of 102.70, a quick ratio of 1.54 and a current ratio of 2.70.

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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