Independent Research Analysts Give Lanxess (ETR:LXS) a €54.00 Price Target

Independent Research set a €54.00 ($62.79) price objective on Lanxess (ETR:LXS) in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms also recently weighed in on LXS. JPMorgan Chase & Co. set a €60.00 ($69.77) target price on shares of Lanxess and gave the company a buy rating in a research report on Friday, August 2nd. Goldman Sachs Group set a €66.00 ($76.74) price target on shares of Lanxess and gave the company a buy rating in a research note on Friday, August 2nd. HSBC set a €80.00 ($93.02) price target on shares of Lanxess and gave the company a buy rating in a research note on Monday. Kepler Capital Markets set a €47.00 ($54.65) price target on shares of Lanxess and gave the company a sell rating in a research note on Tuesday, May 14th. Finally, Baader Bank set a €45.00 ($52.33) price target on shares of Lanxess and gave the company a sell rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of €60.79 ($70.69).

Lanxess stock opened at €53.30 ($61.98) on Monday. The company has a market capitalization of $4.88 billion and a P/E ratio of 11.61. Lanxess has a 1-year low of €39.47 ($45.90) and a 1-year high of €72.42 ($84.21). The company has a fifty day simple moving average of €52.99. The company has a current ratio of 2.61, a quick ratio of 1.53 and a debt-to-equity ratio of 101.71.

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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