Lanxess AG (ETR:LXS) PT Set at €75.00 by Macquarie
Lanxess AG (ETR:LXS) has been assigned a €75.00 ($88.24) target price by equities research analysts at Macquarie in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock.
A number of other analysts have also issued reports on the company. Deutsche Bank AG set a €79.00 ($92.94) price objective on Lanxess AG and gave the company a “buy” rating in a research note on Friday. Goldman Sachs Group, Inc. (The) set a €69.00 ($81.18) price objective on Lanxess AG and gave the company a “neutral” rating in a research note on Friday. J P Morgan Chase & Co set a €67.00 ($78.82) price objective on Lanxess AG and gave the company a “neutral” rating in a research note on Friday. Barclays PLC set a €62.00 ($72.94) price objective on Lanxess AG and gave the company a “neutral” rating in a research note on Friday. Finally, Kepler Capital Markets set a €87.00 ($102.35) price objective on Lanxess AG and gave the company a “buy” rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of €71.89 ($84.58).
Lanxess AG (LXS) opened at 63.595 on Friday. The company has a 50 day moving average price of €66.86 and a 200-day moving average price of €65.89. The company has a market cap of €5.82 billion and a PE ratio of 26.822. Lanxess AG has a 12 month low of €45.95 and a 12 month high of €70.85.
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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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