Lanxess (OTCMKTS:LNXSF) Downgraded by Citigroup

Citigroup lowered shares of Lanxess (OTCMKTS:LNXSF) from a buy rating to a neutral rating in a report issued on Tuesday morning, The Fly reports.

LNXSF opened at $62.64 on Tuesday. The business’s 50-day moving average price is $59.86 and its two-hundred day moving average price is $56.87. Lanxess has a 1 year low of $44.30 and a 1 year high of $78.09.

About Lanxess

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.

Further Reading: How to use beta for portfolio diversification

The Fly

Receive News & Ratings for Lanxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lanxess and related companies with's FREE daily email newsletter.