Lanxess (ETR:LXS) Given a €60.00 Price Target by JPMorgan Chase & Co. Analysts

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JPMorgan Chase & Co. set a €60.00 ($69.77) target price on Lanxess (ETR:LXS) in a report issued on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on the company. UBS Group set a €56.00 ($65.12) price target on Lanxess and gave the company a neutral rating in a research report on Monday, September 2nd. Berenberg Bank set a €55.00 ($63.95) price objective on Lanxess and gave the company a neutral rating in a research note on Wednesday, September 25th. Goldman Sachs Group set a €61.00 ($70.93) price objective on Lanxess and gave the company a neutral rating in a research note on Wednesday. DZ Bank reiterated a neutral rating on shares of Lanxess in a research note on Tuesday, August 6th. Finally, Kepler Capital Markets set a €50.00 ($58.14) price objective on Lanxess and gave the company a sell rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Lanxess has an average rating of Hold and an average price target of €59.85 ($69.59).

Shares of ETR LXS traded up €0.34 ($0.40) during trading on Wednesday, reaching €62.32 ($72.47). 257,377 shares of the stock traded hands, compared to its average volume of 312,027. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week high of €62.36 ($72.51). The company has a debt-to-equity ratio of 107.55, a current ratio of 2.72 and a quick ratio of 1.51. The company has a 50-day moving average of €58.53 and a 200-day moving average of €53.20. The stock has a market capitalization of $5.42 billion and a P/E ratio of 14.33.

Lanxess Company Profile

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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Analyst Recommendations for Lanxess (ETR:LXS)

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