Deutsche Bank set a €70.00 ($81.40) target price on Lanxess (ETR:LXS) in a research report report published on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other equities analysts have also issued reports on the stock. Nord/LB set a €53.00 ($61.63) target price on shares of Lanxess and gave the company a neutral rating in a report on Tuesday, May 21st. Credit Suisse Group set a €19.00 ($22.09) target price on shares of K&S and gave the company a neutral rating in a report on Tuesday, May 14th. Jefferies Financial Group set a €50.00 ($58.14) target price on shares of Lanxess and gave the company a neutral rating in a report on Tuesday, May 14th. Berenberg Bank set a €126.00 ($146.51) target price on shares of Nemetschek and gave the company a neutral rating in a report on Thursday, March 21st. Finally, Independent Research set a €52.00 ($60.47) target price on shares of Lanxess and gave the company a neutral rating in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of €61.85 ($71.92).
LXS stock opened at €54.50 ($63.37) on Monday. The firm’s 50 day simple moving average is €48.58. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week high of €72.42 ($84.21). The stock has a market capitalization of $4.99 billion and a price-to-earnings ratio of 11.87. The company has a quick ratio of 1.53, a current ratio of 2.61 and a debt-to-equity ratio of 101.71.
LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.
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