LyondellBasell Industries N.V. (NYSE:LYB) had its price objective hosited by Jefferies Group from $83.00 to $90.00 in a report released on Wednesday, American Banking News.com reports. Jefferies Group currently has a buy rating on the stock.
LyondellBasell Industries N.V. (NYSE:LYB) traded up 0.44% on Wednesday, hitting $77.91. 3,210,242 shares of the company’s stock traded hands. LyondellBasell Industries N.V. has a 52-week low of $44.87 and a 52-week high of $77.74. The stock’s 50-day moving average is $72.89 and its 200-day moving average is $67.19. The company has a market cap of $44.185 billion and a price-to-earnings ratio of 13.59.
LyondellBasell Industries N.V. (NYSE:LYB) last announced its earnings results on Friday, July 26th. The company reported $1.60 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.62 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $11.30 billion. During the same quarter last year, the company posted $1.66 earnings per share. LyondellBasell Industries N.V.’s revenue was down 1.3% compared to the same quarter last year. Analysts expect that LyondellBasell Industries N.V. will post $6.17 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company raised their price target on shares of LyondellBasell Industries N.V. from $68.00 to $77.00 in a research note to investors on Wednesday, August 28th. They now have an outperform rating on the stock. Separately, analysts at Barclays raised their price target on shares of LyondellBasell Industries N.V. from $77.00 to $83.00 in a research note to investors on Tuesday, August 6th. Finally, analysts at Susquehanna raised their price target on shares of LyondellBasell Industries N.V. from $74.00 to $86.00 in a research note to investors on Friday, August 2nd. They now have a positive rating on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. LyondellBasell Industries N.V. has an average rating of Buy and an average price target of $72.57.
LyondellBasell Industries N.V. is an independent chemical company. The Company’s chemicals businesses consist of processing plants that convert volumes of liquid and gaseous hydrocarbon feedstock into plastic resins and other chemicals.
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