Lanxess AG (ETR:LXS) has been assigned a €87.00 ($103.57) price objective by research analysts at Kepler Capital Markets in a research note issued to investors on Tuesday, August 29th. The firm presently has a “buy” rating on the stock.
LXS has been the topic of several other research reports. DZ Bank AG reaffirmed a “buy” rating on shares of Lanxess AG in a research report on Friday, June 9th. Credit Suisse Group set a €67.00 ($79.76) price objective on Lanxess AG and gave the company a “neutral” rating in a report on Friday, August 11th. UBS AG set a €66.00 ($78.57) price objective on Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Nord/LB set a €76.00 ($90.48) price objective on Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Finally, Deutsche Bank AG set a €79.00 ($94.05) price objective on Lanxess AG and gave the company a “buy” rating in a report on Friday, August 11th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of €71.56 ($85.19).
Lanxess AG (ETR LXS) opened at 65.15 on Tuesday. The company has a market cap of €5.96 billion and a P/E ratio of 41.13. The firm has a 50-day moving average price of €64.53 and a 200-day moving average price of €65.31. Lanxess AG has a 52 week low of €46.09 and a 52 week high of €70.85.
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About Lanxess AG
LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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