Lanxess (ETR:LXS)‘s stock had its “buy” rating reiterated by investment analysts at DZ Bank in a research report issued on Friday, January 19th.
A number of other equities research analysts have also recently commented on the stock. Macquarie set a €75.00 ($92.59) price objective on shares of Lanxess and gave the company a “buy” rating in a research note on Thursday, October 26th. Bank of America reissued a “buy” rating on shares of Lanxess in a research note on Thursday, January 11th. Kepler Capital Markets set a €83.00 ($102.47) price objective on shares of Lanxess and gave the company a “buy” rating in a research note on Tuesday, November 28th. Deutsche Bank set a €69.00 ($85.19) price objective on shares of Lanxess and gave the company a “neutral” rating in a research note on Monday, December 4th. Finally, UBS Group set a €75.00 ($92.59) price objective on shares of Lanxess and gave the company a “buy” rating in a research note on Thursday, December 7th. Fourteen 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 an average price target of €71.29 ($88.01).
Lanxess (LXS) traded up €0.24 ($0.30) during mid-day trading on Friday, reaching €66.30 ($81.85). The company’s stock had a trading volume of 251,510 shares, compared to its average volume of 368,991. The company has a market capitalization of $6,120.00 and a PE ratio of 43.91. Lanxess has a 12 month low of €59.89 ($73.94) and a 12 month high of €74.50 ($91.98).
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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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