Lanxess (ETR:LXS) Given a €57.00 Price Target at Credit Suisse Group

Credit Suisse Group set a €57.00 ($66.28) price target on Lanxess (ETR:LXS) in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on LXS. JPMorgan Chase & Co. set a €60.00 ($69.77) price target on Lanxess and gave the stock a neutral rating in a report on Wednesday. Independent Research set a €59.00 ($68.60) price target on Lanxess and gave the stock a neutral rating in a report on Monday, August 12th. Goldman Sachs Group set a €61.00 ($70.93) price target on Lanxess and gave the stock a neutral rating in a report on Wednesday. Warburg Research set a €77.30 ($89.88) price target on Lanxess and gave the stock a buy rating in a report on Wednesday. Finally, UBS Group set a €56.00 ($65.12) price target on Lanxess and gave the stock a neutral rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Lanxess presently has a consensus rating of Hold and a consensus target price of €59.85 ($69.59).

LXS stock traded up €1.56 ($1.81) during trading on Thursday, reaching €63.88 ($74.28). 435,735 shares of the company traded hands, compared to its average volume of 312,027. Lanxess has a 12 month low of €39.47 ($45.90) and a 12 month high of €64.00 ($74.42). The business has a 50 day simple moving average of €58.75 and a 200 day simple moving average of €53.26. The company has a market capitalization of $5.58 billion and a price-to-earnings ratio of 16.22. The company has a debt-to-equity ratio of 102.70, a quick ratio of 1.54 and a current ratio of 2.70.

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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