JPMorgan Chase & Co. Reiterates Buy Rating for Lanxess (ETR:LXS)

JPMorgan Chase & Co. restated their buy rating on shares of Lanxess (ETR:LXS) in a research report released on Friday morning, Borsen Zeitung reports.

Several other analysts have also issued reports on the company. Jefferies Financial Group set a €54.00 ($62.79) target price on Lanxess and gave the stock a neutral rating in a report on Wednesday, August 7th. HSBC set a €80.00 ($93.02) price target on Lanxess and gave the company a buy rating in a research note on Monday, August 5th. Barclays set a €55.00 ($63.95) price objective on shares of Lanxess and gave the stock a neutral rating in a research report on Thursday, August 8th. Morgan Stanley set a €54.00 ($62.79) price objective on shares of Lanxess and gave the stock a neutral rating in a research note on Monday, July 15th. Finally, UBS Group set a €56.00 ($65.12) target price on shares of Lanxess and gave the company a neutral rating in a report on Monday, September 2nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of €61.20 ($71.17).

Shares of ETR LXS opened at €58.24 ($67.72) on Friday. The business has a fifty day moving average price of €53.35 and a two-hundred day moving average price of €50.72. The stock has a market capitalization of $5.04 billion and a PE ratio of 13.39. The company has a debt-to-equity ratio of 107.55, a current ratio of 2.72 and a quick ratio of 1.51. Lanxess has a fifty-two week low of €39.47 ($45.90) and a fifty-two week high of €67.80 ($78.84).

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.

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Analyst Recommendations for Lanxess (ETR:LXS)

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