Deutsche Bank set a €70.00 ($81.40) price target on Lanxess (ETR:LXS) in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also issued reports on LXS. Jefferies Financial Group set a €52.00 ($60.47) target price on Lanxess and gave the stock a neutral rating in a report on Monday, April 15th. Goldman Sachs Group set a €63.00 ($73.26) target price on Lanxess and gave the stock a buy rating in a report on Monday, April 8th. JPMorgan Chase & Co. set a €60.00 ($69.77) target price on Lanxess and gave the stock a buy rating in a report on Thursday, April 4th. Warburg Research set a €67.00 ($77.91) target price on Lanxess and gave the stock a buy rating in a report on Wednesday, April 10th. Finally, Morgan Stanley set a €54.00 ($62.79) target price on Lanxess and gave the stock a neutral rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of €61.72 ($71.76).
LXS opened at €45.70 ($53.14) on Friday. The firm has a market cap of $4.01 billion and a PE ratio of 9.95. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week high of €72.60 ($84.42). The company has a current ratio of 2.61, a quick ratio of 1.53 and a debt-to-equity ratio of 101.71.
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.
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