Lanxess (ETR:LXS) PT Set at €66.00 by Bank of America

Lanxess (ETR:LXS) has been assigned a €66.00 ($76.74) price objective by analysts at Bank of America in a research note issued on Monday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price objective suggests a potential upside of 6.11% from the stock’s previous close.

LXS has been the topic of a number of other reports. Berenberg Bank set a €55.00 ($63.95) target price on Lanxess and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Jefferies Financial Group set a €54.00 ($62.79) target price on Lanxess and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Goldman Sachs Group set a €61.00 ($70.93) target price on Lanxess and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Credit Suisse Group set a €57.00 ($66.28) target price on Lanxess and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Independent Research set a €59.00 ($68.60) target price on Lanxess and gave the stock a “neutral” rating in a research report on Monday, August 12th. 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 stock. The company has a consensus rating of “Hold” and an average target price of €61.41 ($71.40).

Shares of Lanxess stock opened at €62.20 ($72.33) on Monday. The stock’s fifty day moving average is €59.42 and its 200-day moving average is €53.48. The firm has a market capitalization of $5.44 billion and a PE ratio of 15.79. 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 12-month low of €39.47 ($45.90) and a 12-month high of €64.00 ($74.42).

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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