Shares of Lanxess AG (ETR:LXS) have been given an average rating of “Hold” by the twenty-two brokerages that are currently covering the stock, MarketBeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is €71.29 ($88.01).
LXS has been the subject of several recent research reports. Bank of America reaffirmed a “buy” rating on shares of Lanxess in a research report on Thursday, January 11th. Kepler Capital Markets set a €83.00 ($102.47) price objective on Lanxess and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Deutsche Bank set a €69.00 ($85.19) price objective on Lanxess and gave the stock a “neutral” rating in a research report on Monday, December 4th. UBS Group set a €75.00 ($92.59) price objective on Lanxess and gave the stock a “buy” rating in a research report on Thursday, December 7th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Lanxess in a research report on Friday, January 19th.
Lanxess (LXS) traded down €0.32 ($0.40) during mid-day trading on Wednesday, hitting €68.12 ($84.10). The stock had a trading volume of 150,171 shares, compared to its average volume of 344,432. The firm has a market capitalization of $6,230.00 and a PE ratio of 45.11. Lanxess has a 52 week low of €59.89 ($73.94) and a 52 week high of €74.50 ($91.98).
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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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