DZ Bank Reiterates Neutral Rating for Lanxess (ETR:LXS)

Lanxess (ETR:LXS)‘s stock had its “neutral” rating reiterated by stock analysts at DZ Bank in a research note issued to investors on Thursday, Borsen Zeitung reports.

Other equities research analysts have also issued reports about the stock. Credit Suisse Group set a €57.00 ($66.28) price objective on shares of Lanxess and gave the stock a “neutral” rating in a report on Thursday. Nord/LB set a €55.00 ($63.95) price objective on shares of Lanxess and gave the stock a “neutral” rating in a report on Wednesday. Jefferies Financial Group set a €54.00 ($62.79) price objective on shares of Lanxess and gave the stock a “neutral” rating in a report on Wednesday, August 7th. UBS Group set a €56.00 ($65.12) target price on shares of Lanxess and gave the company a “neutral” rating in a research report on Wednesday. Finally, Warburg Research set a €77.30 ($89.88) target price on shares of Lanxess and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of €59.85 ($69.59).

Shares of ETR:LXS opened at €63.88 ($74.28) on Thursday. Lanxess has a 12 month low of €39.47 ($45.90) and a 12 month high of €62.36 ($72.51). The company has a quick ratio of 1.51, a current ratio of 2.72 and a debt-to-equity ratio of 107.55. The company’s fifty day simple moving average is €58.75 and its 200 day simple moving average is €53.26. The firm has a market cap of $5.58 billion and a price-to-earnings ratio of 14.69.

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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