Credit Suisse Group upgraded shares of LANXESS Aktiengesellschaft (OTCMKTS:LNXSF) from a neutral rating to an outperform rating in a research report sent to investors on Wednesday morning, The Fly reports.
A number of other research analysts have also weighed in on the company. UBS Group restated a buy rating on shares of LANXESS Aktiengesellschaft in a report on Wednesday, August 25th. Deutsche Bank Aktiengesellschaft reissued a buy rating on shares of LANXESS Aktiengesellschaft in a research report on Sunday, June 20th. Morgan Stanley reissued an equal weight rating on shares of LANXESS Aktiengesellschaft in a research report on Thursday, August 19th. The Goldman Sachs Group raised LANXESS Aktiengesellschaft from a sell rating to a buy rating in a research report on Wednesday, August 18th. Finally, Barclays raised LANXESS Aktiengesellschaft to an equal weight rating in a research report on Tuesday, May 18th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, LANXESS Aktiengesellschaft presently has a consensus rating of Buy and a consensus target price of $62.00.
Shares of LNXSF stock opened at $75.00 on Wednesday. The stock’s fifty day moving average is $72.31 and its two-hundred day moving average is $73.45. LANXESS Aktiengesellschaft has a fifty-two week low of $49.95 and a fifty-two week high of $80.55.
LANXESS AG is a holding company, which engages in the provision of specialty chemicals. It operates through the following segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, High Performance Materials, and Arlanxeo. The Advanced Intermediates segment consists of industrial chemical intermediates and a key player in the custom synthesis, and manufacturing of chemical precursors and specialty active ingredients.
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