Lanxess AG (ETR:LXS) has been assigned a €87.00 ($102.35) price target by research analysts at Kepler Capital Markets in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock.
Other analysts have also recently issued reports about the stock. Citigroup Inc. set a €80.00 ($94.12) target price on shares of Lanxess AG and gave the stock a “buy” rating in a report on Saturday, May 20th. Warburg Research set a €79.00 ($92.94) target price on shares of Lanxess AG and gave the stock a “buy” rating in a report on Saturday, May 20th. Macquarie set a €75.00 ($88.24) target price on shares of Lanxess AG and gave the stock a “buy” rating in a report on Saturday, May 20th. Deutsche Bank AG set a €79.00 ($92.94) target price on shares of Lanxess AG and gave the stock a “buy” rating in a report on Saturday, May 20th. Finally, Nord/LB set a €76.00 ($89.41) target price on shares of Lanxess AG and gave the stock a “buy” rating in a report on Saturday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of €71.94 ($84.64).
Lanxess AG (LXS) opened at 64.379 on Thursday. The company’s 50 day moving average price is €66.95 and its 200 day moving average price is €65.90. Lanxess AG has a 12 month low of €45.20 and a 12 month high of €70.85. The firm has a market capitalization of €5.89 billion and a P/E ratio of 27.153.
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Lanxess AG Company Profile
LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Its business activities are divided into three segments: Performance Polymers, responsible for the manufacture of special-purpose rubbers for rubber products used in vehicles, footwear, engineering and construction area, among others; Advanced Intermediates, focused on the development of intermediates for agrochemicals, coatings industries, pharmaceuticals and tire chemicals, among others, as well as Performance Chemicals, which includes chemicals applied in material protection products, inorganic pigments, finishing agents, leather industry and resins for water treatment, among others.
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