Barclays set a €49.00 ($57.65) target price on LANXESS Aktiengesellschaft (ETR:LXS) in a research note released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
LXS has been the topic of several other reports. Morgan Stanley set a €61.00 ($71.76) price target on shares of LANXESS Aktiengesellschaft and gave the company a neutral rating in a report on Wednesday. Kepler Capital Markets set a €78.00 ($91.76) price target on shares of LANXESS Aktiengesellschaft and gave the company a buy rating in a report on Wednesday. Independent Research set a €64.00 ($75.29) price target on shares of LANXESS Aktiengesellschaft and gave the company a neutral rating in a report on Friday, March 12th. Nord/LB set a €66.00 ($77.65) price target on shares of LANXESS Aktiengesellschaft and gave the company a neutral rating in a report on Thursday, March 18th. Finally, DZ Bank restated a buy rating on shares of LANXESS Aktiengesellschaft in a research report on Friday, March 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of €67.20 ($79.06).
LANXESS Aktiengesellschaft stock opened at €62.84 ($73.93) on Wednesday. The stock has a market cap of $5.43 billion and a P/E ratio of 6.08. The company has a quick ratio of 1.56, a current ratio of 2.23 and a debt-to-equity ratio of 94.40. LANXESS Aktiengesellschaft has a twelve month low of €41.31 ($48.60) and a twelve month high of €67.38 ($79.27). The company’s 50-day moving average price is €62.74 and its two-hundred day moving average price is €60.54.
LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, additives, specialty chemicals, and plastics worldwide. It operates through four segments: Advanced Intermediates, Specialty Additives, Consumer Protection, and Engineering Materials.
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