Lanxess (ETR:LXS) PT Set at €51.00 by Barclays

Lanxess (ETR:LXS) received a €51.00 ($57.30) price target from equities research analysts at Barclays in a report issued on Monday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Barclays‘s price objective points to a potential upside of 3.98% from the stock’s previous close.

LXS has been the topic of several other reports. Nord/LB set a €44.00 ($49.44) target price on Lanxess and gave the company a “neutral” rating in a report on Wednesday, May 27th. DZ Bank restated a “neutral” rating on shares of Lanxess in a research note on Thursday, July 2nd. Kepler Capital Markets set a €45.00 ($50.56) price objective on Lanxess and gave the company a “sell” rating in a research note on Thursday, May 28th. UBS Group set a €43.00 ($48.31) price objective on Lanxess and gave the company a “neutral” rating in a research note on Monday, June 8th. Finally, Baader Bank set a €46.00 ($51.69) price objective on Lanxess and gave the company a “buy” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of €53.12 ($59.68).

Shares of ETR:LXS opened at €49.05 ($55.11) on Monday. The company has a market cap of $4.18 billion and a P/E ratio of 23.21. The company has a debt-to-equity ratio of 142.83, a quick ratio of 1.27 and a current ratio of 1.88. Lanxess has a one year low of €25.68 ($28.85) and a one year high of €64.58 ($72.56). The business’s 50-day simple moving average is €47.30 and its 200 day simple moving average is €48.53.

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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Analyst Recommendations for Lanxess (ETR:LXS)

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