Lanxess AG (ETR:LXS) Given a €69.00 Price Target by Goldman Sachs Group, Inc. (The) Analysts
Lanxess AG (ETR:LXS) has been given a €69.00 ($81.18) price target by equities research analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock.
LXS has been the subject of several other reports. DZ Bank AG reissued a “buy” rating on shares of Lanxess AG in a research note on Friday, June 9th. UBS AG set a €66.00 ($77.65) target price on shares of Lanxess AG and gave the company a “neutral” rating in a research note on Saturday, May 20th. Nord/LB set a €76.00 ($89.41) target price on shares of Lanxess AG and gave the company a “buy” rating in a research note on Saturday, May 20th. Deutsche Bank AG set a €79.00 ($92.94) target price on shares of Lanxess AG and gave the company a “buy” rating in a research note on Friday, June 16th. Finally, Barclays PLC set a €63.00 ($74.12) target price on shares of Lanxess AG and gave the company a “neutral” rating in a research note on Monday, May 29th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Lanxess AG presently has an average rating of “Hold” and an average target price of €71.89 ($84.58).
Lanxess AG (ETR:LXS) opened at 63.667 on Friday. The company’s 50 day moving average price is €66.86 and its 200 day moving average price is €65.89. The firm has a market capitalization of €5.83 billion and a P/E ratio of 26.852. Lanxess AG has a 12 month low of €45.95 and a 12 month high of €70.85.
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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