Lanxess (ETR:LXS) has been assigned a €50.00 ($58.14) target price by analysts at Kepler Capital Markets in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Kepler Capital Markets’ price target suggests a potential downside of 19.33% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Nord/LB set a €53.00 ($61.63) target price on shares of Lanxess and gave the company a “neutral” rating in a research note on Friday, October 4th. UBS Group set a €56.00 ($65.12) target price on shares of Lanxess and gave the company a “neutral” rating in a research note on Monday, September 2nd. Jefferies Financial Group set a €54.00 ($62.79) target price on shares of Lanxess and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Baader Bank set a €45.00 ($52.33) price target on Lanxess and gave the company a “sell” rating in a report on Wednesday. Finally, Barclays set a €57.00 ($66.28) price target on Lanxess and gave the company a “neutral” rating in a report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Lanxess presently has an average rating of “Hold” and a consensus price target of €60.07 ($69.84).
Shares of ETR:LXS traded down €0.58 ($0.67) on Wednesday, hitting €61.98 ($72.07). The stock had a trading volume of 426,674 shares, compared to its average volume of 312,027. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €62.36 ($72.51). The company has a debt-to-equity ratio of 107.55, a quick ratio of 1.51 and a current ratio of 2.72. The firm’s 50 day moving average price is €58.18 and its 200-day moving average price is €53.11. The company has a market capitalization of $5.44 billion and a price-to-earnings ratio of 14.25.
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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