Shares of Lanxess AG (ETR:LXS) have been given a consensus rating of “Hold” by the twenty-two research firms that are covering the stock, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is €71.29 ($88.01).
A number of research analysts have recently commented on LXS shares. Barclays set a €66.00 ($81.48) price target on Lanxess and gave the company a “neutral” rating in a research report on Thursday, February 8th. DZ Bank reaffirmed a “buy” rating on shares of Lanxess in a research report on Friday, January 19th. Kepler Capital Markets set a €83.00 ($102.47) price target on Lanxess and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Macquarie set a €75.00 ($92.59) price target on Lanxess and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Independent Research set a €73.00 ($90.12) price target on Lanxess and gave the company a “neutral” rating in a research report on Friday, January 5th.
Lanxess (ETR LXS) opened at €67.82 ($83.73) on Wednesday. Lanxess has a 1 year low of €59.89 ($73.94) and a 1 year high of €74.50 ($91.98). The company has a market capitalization of $6,210.00 and a price-to-earnings ratio of 44.91.
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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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