Lanxess AG (ETR:LXS) received a €75.00 ($89.29) price target from equities researchers at Macquarie in a research report issued on Wednesday. The firm presently has a “buy” rating on the stock.
A number of other research analysts have also commented on the company. Deutsche Bank AG set a €79.00 ($94.05) target price on Lanxess AG and gave the company a “buy” rating in a research note on Monday, July 10th. HSBC Holdings plc set a €66.00 ($78.57) price target on Lanxess AG and gave the company a “neutral” rating in a research report on Wednesday, May 24th. Credit Suisse Group set a €70.00 ($83.33) price target on Lanxess AG and gave the company a “neutral” rating in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) set a €69.00 ($82.14) price target on Lanxess AG and gave the company a “neutral” rating in a research report on Friday, July 14th. Finally, S&P Global set a €70.00 ($83.33) price target on Lanxess AG and gave the company a “neutral” rating in a research report on Monday, May 29th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Lanxess AG has an average rating of “Hold” and a consensus price target of €71.56 ($85.19).
Lanxess AG (ETR LXS) opened at 63.945 on Wednesday. The firm has a market cap of €5.85 billion and a P/E ratio of 40.369. Lanxess AG has a one year low of €46.09 and a one year high of €70.85. The stock’s 50 day moving average is €64.44 and its 200 day moving average is €65.30.
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Lanxess AG Company Profile
LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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