Lanxess AG (LXS) PT Set at €65.00 by BNP Paribas

Lanxess AG (ETR:LXS) has been assigned a €65.00 ($76.47) target price by equities researchers at BNP Paribas in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the stock.

Several other research analysts have also recently issued reports on the company. Goldman Sachs Group, Inc. (The) set a €71.00 ($83.53) price objective on Lanxess AG and gave the stock a “neutral” rating in a research report on Thursday. Baader Bank set a €75.00 ($88.24) price objective on Lanxess AG and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank AG set a €79.00 ($92.94) price objective on Lanxess AG and gave the stock a “buy” rating in a research report on Thursday, September 28th. Kepler Capital Markets set a €87.00 ($102.35) price objective on Lanxess AG and gave the stock a “buy” rating in a research report on Wednesday, September 27th. Finally, Macquarie set a €75.00 ($88.24) price objective on Lanxess AG and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Lanxess AG currently has an average rating of “Hold” and an average price target of €71.26 ($83.84).

Shares of Lanxess AG (LXS) opened at 66.691 on Friday. Lanxess AG has a 1-year low of €53.00 and a 1-year high of €70.85. The firm has a market cap of €6.10 billion and a PE ratio of 42.103. The company has a 50-day moving average of €64.63 and a 200-day moving average of €65.49.

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About Lanxess AG

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.

Analyst Recommendations for Lanxess AG (ETR:LXS)

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