Morgan Stanley set a €54.00 ($62.79) price target on Lanxess (ETR:LXS) in a research report released on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other research firms have also weighed in on LXS. JPMorgan Chase & Co. lifted their price objective on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a research note on Friday, July 5th. HSBC lifted their price objective on shares of Johnson Service Group from GBX 148 ($1.93) to GBX 180 ($2.35) and gave the company a buy rating in a research note on Friday, July 5th. Baader Bank set a €112.00 ($130.23) price objective on shares of Bechtle and gave the company a neutral rating in a research note on Tuesday, July 9th. UBS Group lifted their price objective on shares of LyondellBasell Industries from $86.00 to $89.00 and gave the company a neutral rating in a research note on Thursday, July 11th. Finally, Independent Research set a €52.00 ($60.47) price objective on shares of Lanxess and gave the company a neutral rating in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of €61.85 ($71.92).
ETR:LXS opened at €55.14 ($64.12) on Monday. The company has a fifty day moving average of €49.68. The company has a market cap of $5.05 billion and a price-to-earnings ratio of 12.01. The company has a quick ratio of 1.53, a current ratio of 2.61 and a debt-to-equity ratio of 101.71. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €72.42 ($84.21).
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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