Lanxess (ETR:LXS) Given a €59.00 Price Target at Independent Research

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Independent Research set a €59.00 ($68.60) price objective on Lanxess (ETR:LXS) in a research note released on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

LXS has been the subject of several other reports. Jefferies Financial Group set a €54.00 ($62.79) price target on shares of Lanxess and gave the company a neutral rating in a research report on Wednesday, August 7th. DZ Bank restated a neutral rating on shares of Lanxess in a research report on Tuesday, August 6th. Kepler Capital Markets set a €47.00 ($54.65) price target on shares of Lanxess and gave the company a sell rating in a research report on Tuesday, May 14th. HSBC set a €80.00 ($93.02) price target on shares of Lanxess and gave the company a buy rating in a research report on Monday, August 5th. Finally, Credit Suisse Group set a €54.00 ($62.79) price target on shares of Lanxess and gave the company a neutral rating in a research report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of €60.92 ($70.84).

ETR LXS opened at €49.66 ($57.74) on Monday. The company has a 50-day simple moving average of €53.46 and a two-hundred day simple moving average of €50.06. The company has a quick ratio of 1.51, a current ratio of 2.72 and a debt-to-equity ratio of 107.55. Lanxess has a 12-month low of €39.47 ($45.90) and a 12-month high of €70.66 ($82.16). The firm has a market cap of $4.55 billion and a price-to-earnings ratio of 11.42.

About Lanxess

LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.

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