JPMorgan Chase & Co. set a €60.00 ($69.77) target price on Lanxess (ETR:LXS) in a research report sent to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other equities analysts have also recently issued reports about the company. Nord/LB set a €62.00 ($72.09) price target on Lanxess and gave the company a buy rating in a research report on Thursday, January 24th. Goldman Sachs Group set a €57.00 ($66.28) price target on Lanxess and gave the company a buy rating in a research report on Wednesday, January 23rd. Warburg Research set a €66.80 ($77.67) price target on Lanxess and gave the company a buy rating in a research report on Monday, February 11th. Commerzbank set a €64.00 ($74.42) price target on Lanxess and gave the company a buy rating in a research report on Tuesday, March 5th. Finally, HSBC set a €80.00 ($93.02) price target on Lanxess and gave the company a buy rating in a research report on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of €61.67 ($71.71).
Shares of LXS stock opened at €49.25 ($57.27) on Tuesday. Lanxess has a 1 year low of €39.47 ($45.90) and a 1 year high of €72.60 ($84.42). The firm has a market cap of $4.35 billion and a PE ratio of 10.46. The company has a debt-to-equity ratio of 98.99, a quick ratio of 1.67 and a current ratio of 2.57.
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.
Further Reading: How to track put option volume
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.