Lanxess (ETR:LXS)‘s stock had its “buy” rating reiterated by analysts at DZ Bank in a research report issued to clients and investors on Wednesday.
A number of other equities analysts also recently issued reports on LXS. UBS set a €75.00 ($89.29) price target on Lanxess and gave the company a “buy” rating in a report on Wednesday. Deutsche Bank set a €69.00 ($82.14) price target on Lanxess and gave the company a “neutral” rating in a report on Wednesday. Independent Research set a €70.00 ($83.33) price target on Lanxess and gave the company a “neutral” rating in a report on Wednesday, September 6th. Goldman Sachs Group set a €70.00 ($83.33) price target on Lanxess and gave the company a “neutral” rating in a report on Wednesday, September 6th. Finally, J P Morgan Chase & Co set a €67.00 ($79.76) price target on Lanxess and gave the company a “neutral” rating in a report on Wednesday, September 6th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Lanxess has an average rating of “Hold” and an average target price of €70.95 ($84.46).
Lanxess (LXS) traded down €0.17 ($0.20) during mid-day trading on Wednesday, hitting €64.85 ($77.20). 211,764 shares of the company were exchanged, compared to its average volume of 382,271. Lanxess has a 12-month low of €59.89 ($71.30) and a 12-month high of €70.67 ($84.13).
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Lanxess Company Profile
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.
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