A number of other research analysts also recently issued reports on LXS. Baader Bank set a €60.00 ($69.77) price objective on Lanxess and gave the company a buy rating in a research note on Tuesday, March 10th. Barclays set a €57.00 ($66.28) price objective on Lanxess and gave the company a neutral rating in a research note on Wednesday, March 11th. Warburg Research set a €64.00 ($74.42) price objective on Lanxess and gave the company a buy rating in a research note on Tuesday, March 17th. Independent Research set a €45.00 ($52.33) price objective on Lanxess and gave the company a neutral rating in a research note on Thursday, March 12th. Finally, DZ Bank reissued a buy rating on shares of Lanxess in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of €59.41 ($69.08).
ETR LXS opened at €35.61 ($41.41) on Tuesday. The firm has a market capitalization of $3.27 billion and a PE ratio of 9.04. The company has a current ratio of 2.70, a quick ratio of 1.54 and a debt-to-equity ratio of 102.70. The business’s 50-day moving average price is €46.71 and its two-hundred day moving average price is €55.57. Lanxess has a 12 month low of €37.62 ($43.74) and a 12 month high of €64.58 ($75.09).
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.
Recommended Story: Do equity income investments outperform growth and income investments?
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 MarketBeat.com's FREE daily email newsletter.