Baader Bank set a €75.00 ($88.24) price objective on LANXESS Aktiengesellschaft (ETR:LXS) in a report published on Thursday 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. DZ Bank restated a buy rating on shares of LANXESS Aktiengesellschaft in a research note on Friday, March 12th. Jefferies Financial Group set a €62.00 ($72.94) target price on shares of LANXESS Aktiengesellschaft and gave the stock a neutral rating in a research note on Wednesday, January 13th. Berenberg Bank set a €72.00 ($84.71) target price on shares of LANXESS Aktiengesellschaft and gave the stock a buy rating in a research note on Friday, February 26th. Credit Suisse Group set a €68.00 ($80.00) target price on shares of LANXESS Aktiengesellschaft and gave the stock a neutral rating in a research note on Friday, March 12th. Finally, UBS Group set a €71.00 ($83.53) price target on shares of LANXESS Aktiengesellschaft and gave the company a buy rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of €67.57 ($79.50).
Shares of LXS opened at €61.36 ($72.19) on Thursday. The company’s 50-day simple moving average is €63.26 and its 200-day simple moving average is €58.66. The company has a debt-to-equity ratio of 94.40, a quick ratio of 1.56 and a current ratio of 2.23. LANXESS Aktiengesellschaft has a 1 year low of €39.08 ($45.98) and a 1 year high of €67.38 ($79.27). The stock has a market capitalization of $5.30 billion and a PE ratio of 6.00.
LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, additives, specialty chemicals, and plastics worldwide. It operates through four segments: Advanced Intermediates, Specialty Additives, Consumer Protection, and Engineering Materials.
Further Reading: Special Dividends
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