Lanxess (ETR:LXS) Earns “Neutral” Rating from DZ Bank

DZ Bank restated their neutral rating on shares of Lanxess (ETR:LXS) in a research report released on Friday, Borsen Zeitung reports.

A number of other equities analysts also recently commented on LXS. UBS Group set a €53.00 ($61.63) price objective on shares of Lanxess and gave the stock a neutral rating in a research note on Monday, February 18th. Commerzbank set a €64.00 ($74.42) price objective on shares of Lanxess and gave the stock a buy rating in a research note on Tuesday, March 5th. Goldman Sachs Group set a €57.00 ($66.28) price objective on shares of Lanxess and gave the stock a buy rating in a research note on Tuesday, March 12th. Kepler Capital Markets set a €42.00 ($48.84) price objective on shares of Lanxess and gave the stock a sell rating in a research note on Thursday, March 14th. Finally, Baader Bank set a €49.00 ($56.98) price objective on shares of Lanxess and gave the stock a neutral rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of €61.72 ($71.76).

Shares of ETR:LXS opened at €45.70 ($53.14) on Friday. The company has a market capitalization of $4.01 billion and a P/E 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 quick ratio of 1.53, a current ratio of 2.61 and a debt-to-equity ratio of 101.71.

About Lanxess

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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Analyst Recommendations for Lanxess (ETR:LXS)

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