Lanxess (ETR:LXS) has been given a €50.00 ($58.14) target price by research analysts at Kepler Capital Markets in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Kepler Capital Markets’ target price would indicate a potential downside of 20.10% from the company’s current price.
A number of other brokerages have also recently commented on LXS. Barclays set a €57.00 ($66.28) price target on shares of Lanxess and gave the company a “neutral” rating in a research report on Thursday, September 26th. Deutsche Bank set a €70.00 ($81.40) price target on shares of Lanxess and gave the company a “buy” rating in a research report on Monday, August 5th. Warburg Research set a €77.30 ($89.88) price target on shares of Lanxess and gave the company a “buy” rating in a research report on Wednesday, November 13th. DZ Bank reaffirmed a “neutral” rating on shares of Lanxess in a research report on Thursday, November 14th. Finally, HSBC set a €84.00 ($97.67) price target on shares of Lanxess and gave the company a “buy” rating in a research report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. Lanxess has an average rating of “Hold” and a consensus target price of €61.41 ($71.40).
Shares of Lanxess stock opened at €62.58 ($72.77) on Tuesday. The company has a quick ratio of 1.54, a current ratio of 2.70 and a debt-to-equity ratio of 102.70. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €64.00 ($74.42). The stock has a market cap of $5.47 billion and a price-to-earnings ratio of 15.89. The company’s fifty day moving average is €59.28 and its 200 day moving average is €53.42.
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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