Lanxess AG (LXS) Given a €79.00 Price Target by Warburg Research Analysts

Lanxess AG (ETR:LXS) received a €79.00 ($86.81) price objective from research analysts at Warburg Research in a research report issued on Saturday. The firm presently has a “buy” rating on the stock.

Shares of Lanxess AG (ETR:LXS) traded up 0.014% during mid-day trading on Friday, hitting €65.411. 857 shares of the stock traded hands. The stock has a market cap of €5.99 billion and a PE ratio of 27.588. Lanxess AG has a one year low of €37.77 and a one year high of €69.20. The stock has a 50-day moving average of €64.86 and a 200 day moving average of €63.30.

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About Lanxess AG

LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Its business activities are divided into three segments: Performance Polymers, responsible for the manufacture of special-purpose rubbers for rubber products used in vehicles, footwear, engineering and construction area, among others; Advanced Intermediates, focused on the development of intermediates for agrochemicals, coatings industries, pharmaceuticals and tire chemicals, among others, as well as Performance Chemicals, which includes chemicals applied in material protection products, inorganic pigments, finishing agents, leather industry and resins for water treatment, among others.

12 Month Chart for ETR:LXS

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