Lanxess (LXS) Given a €70.00 Price Target by Deutsche Bank Analysts

Lanxess (ETR:LXS) has been assigned a €70.00 ($81.40) price target by investment analysts at Deutsche Bank in a report released on Tuesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 34.56% from the company’s current price.

Other equities analysts have also issued reports about the stock. Goldman Sachs Group set a €67.00 ($77.91) price target on shares of Lanxess and gave the stock a “buy” rating in a report on Thursday, January 10th. JPMorgan Chase & Co. set a €55.00 ($63.95) price target on shares of Lanxess and gave the stock a “buy” rating in a report on Thursday, January 10th. HSBC set a €80.00 ($93.02) price target on shares of Lanxess and gave the stock a “buy” rating in a report on Thursday, December 13th. Nord/LB set a €62.00 ($72.09) price target on shares of Lanxess and gave the stock a “buy” rating in a report on Thursday, January 24th. Finally, Warburg Research set a €66.80 ($77.67) price target on shares of Lanxess and gave the stock a “buy” rating in a report on Monday, February 11th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of €62.01 ($72.11).

ETR LXS opened at €52.02 ($60.49) on Tuesday. The company has a debt-to-equity ratio of 98.99, a quick ratio of 1.67 and a current ratio of 2.57. Lanxess has a 12-month low of €39.47 ($45.90) and a 12-month high of €72.60 ($84.42). The firm has a market capitalization of $4.72 billion and a price-to-earnings ratio of 11.05.

Lanxess Company Profile

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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Analyst Recommendations for Lanxess (ETR:LXS)

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