Lanxess AG (ETR:LXS) Given a €67.00 Price Target by J P Morgan Chase & Co Analysts

J P Morgan Chase & Co set a €67.00 ($77.91) target price on Lanxess AG (ETR:LXS) in a research report sent to investors on Friday, June 30th. The firm currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. Macquarie set a €75.00 ($87.21) price target on Lanxess AG and gave the company a buy rating in a research report on Saturday, May 20th. Deutsche Bank AG set a €79.00 ($91.86) price target on Lanxess AG and gave the company a buy rating in a research report on Saturday, May 20th. Nord/LB set a €76.00 ($88.37) target price on Lanxess AG and gave the company a buy rating in a research report on Saturday, May 20th. Kepler Capital Markets set a €81.00 ($94.19) target price on Lanxess AG and gave the company a buy rating in a research report on Saturday, May 20th. Finally, Citigroup Inc. set a €80.00 ($93.02) target price on Lanxess AG and gave the company a buy rating in a research report on Saturday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of €71.94 ($83.66).

Shares of Lanxess AG (LXS) traded down 0.391% during trading on Friday, reaching €65.556. The company’s stock had a trading volume of 253 shares. The company’s 50 day moving average price is €67.41 and its 200 day moving average price is €65.83. Lanxess AG has a 12 month low of €41.60 and a 12 month high of €70.85. The firm has a market cap of €6.00 billion and a PE ratio of 27.649.

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Lanxess AG Company Profile

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.

Analyst Recommendations for Lanxess AG (ETR:LXS)

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