Goldman Sachs Group, Inc. (The) set a €70.00 ($83.33) target price on Lanxess AG (ETR:LXS) in a research note issued to investors on Tuesday morning. The brokerage currently has a neutral rating on the stock.
Other research analysts also recently issued reports about the company. Macquarie set a €75.00 ($89.29) target price on Lanxess AG and gave the stock a buy rating in a report on Monday, May 29th. Deutsche Bank AG set a €79.00 ($94.05) price objective on Lanxess AG and gave the company a buy rating in a research note on Monday, May 29th. Citigroup Inc. set a €80.00 ($95.24) price objective on Lanxess AG and gave the company a buy rating in a research note on Monday, May 29th. Nord/LB set a €76.00 ($90.48) price objective on Lanxess AG and gave the company a buy rating in a research note on Monday, May 29th. Finally, Kepler Capital Markets set a €81.00 ($96.43) price objective on Lanxess AG and gave the company a buy rating in a research note on Monday, May 29th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of €71.56 ($85.19).
Lanxess AG (LXS) opened at 65.77 on Tuesday. Lanxess AG has a 1-year low of €47.94 and a 1-year high of €70.85. The firm has a 50-day moving average price of €64.37 and a 200 day moving average price of €65.31. The firm has a market cap of €6.02 billion and a price-to-earnings ratio of 41.52.
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About Lanxess AG
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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