Baader Bank set a €45.00 ($52.33) price objective on Lanxess (ETR:LXS) in a research note released on Tuesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other research firms have also recently commented on LXS. Nord/LB set a €55.00 ($63.95) target price on shares of Lanxess and gave the company a neutral rating in a research report on Wednesday, November 13th. UBS Group set a €56.00 ($65.12) price target on shares of Lanxess and gave the company a neutral rating in a research report on Wednesday, November 13th. Bank of America set a €66.00 ($76.74) price target on shares of Lanxess and gave the company a buy rating in a research note on Monday. HSBC set a €84.00 ($97.67) price objective on shares of Lanxess and gave the stock a buy rating in a report on Wednesday, September 18th. Finally, DZ Bank reaffirmed a neutral rating on shares of Lanxess in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Lanxess currently has an average rating of Hold and an average target price of €62.17 ($72.29).
Shares of ETR:LXS traded down €0.70 ($0.81) during midday trading on Tuesday, reaching €61.50 ($71.51). 512,201 shares of the company’s stock were exchanged, compared to its average volume of 312,027. The stock has a market cap of $5.32 billion and a price-to-earnings ratio of 15.61. Lanxess has a fifty-two week low of €39.47 ($45.90) and a fifty-two week high of €64.00 ($74.42). The firm’s 50 day simple moving average is €59.42 and its two-hundred day simple moving average is €53.48. The company has a debt-to-equity ratio of 102.70, a current ratio of 2.70 and a quick ratio of 1.54.
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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