Deutsche Bank set a €70.00 ($81.40) price target on Lanxess (ETR:LXS) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other research analysts have also recently commented on LXS. Jefferies Financial Group set a €50.00 ($58.14) target price on shares of Lanxess and gave the stock a neutral rating in a report on Tuesday, May 14th. Independent Research set a €52.00 ($60.47) target price on shares of Lanxess and gave the stock a neutral rating in a report on Wednesday. Goldman Sachs Group set a €63.00 ($73.26) target price on shares of Lanxess and gave the stock a buy rating in a report on Friday, May 10th. Credit Suisse Group set a €54.00 ($62.79) target price on shares of Lanxess and gave the stock a neutral rating in a report on Tuesday, May 14th. Finally, Kepler Capital Markets set a €47.00 ($54.65) target price on shares of Lanxess and gave the stock a sell rating in a report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Lanxess presently has a consensus rating of Hold and a consensus target price of €61.67 ($71.71).
Shares of LXS opened at €49.25 ($57.27) on Wednesday. Lanxess has a 12 month low of €39.47 ($45.90) and a 12 month high of €72.60 ($84.42). The company has a market cap of $4.35 billion and a PE ratio of 10.46. The company has a current ratio of 2.57, a quick ratio of 1.67 and a debt-to-equity ratio of 98.99.
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.
Further Reading: Quick Ratio
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