Deutsche Bank Reiterates “€68.00” Price Target for Lanxess (LXS)

Deutsche Bank set a €68.00 ($83.95) target price on Lanxess (ETR:LXS) in a report issued on Friday. The firm currently has a neutral rating on the stock.

Several other analysts have also recently commented on the company. Kepler Capital Markets set a €83.00 ($102.47) price target on Lanxess and gave the stock a buy rating in a research report on Thursday. Independent Research set a €70.00 ($86.42) price target on Lanxess and gave the stock a neutral rating in a research report on Thursday. Commerzbank set a €67.00 ($82.72) price target on Lanxess and gave the stock a neutral rating in a research report on Thursday. JPMorgan Chase & Co. set a €67.00 ($82.72) price target on Lanxess and gave the stock a neutral rating in a research report on Thursday. Finally, UBS set a €75.00 ($92.59) price target on Lanxess and gave the stock a buy rating in a research report on Thursday. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of €71.29 ($88.01).

Shares of Lanxess (LXS) traded down €4.62 ($5.70) on Friday, hitting €63.44 ($78.32). The company had a trading volume of 1,113,852 shares, compared to its average volume of 312,027. Lanxess has a 52-week low of €59.89 ($73.94) and a 52-week high of €74.50 ($91.98). The stock has a market capitalization of $5,810.00 and a PE ratio of 66.78.

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About Lanxess

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.

Analyst Recommendations for Lanxess (ETR:LXS)

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