Jefferies Financial Group set a €70.00 ($81.40) price target on Lanxess (ETR:LXS) in a research note published on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other equities research analysts also recently commented on the company. Goldman Sachs Group set a €61.00 ($70.93) price objective on Lanxess and gave the company a neutral rating in a research report on Wednesday, November 13th. UBS Group set a €56.00 ($65.12) price objective on Lanxess and gave the company a neutral rating in a research report on Wednesday, November 13th. Bank of America set a €66.00 ($76.74) price objective on Lanxess and gave the company a buy rating in a research report on Monday. DZ Bank reiterated a neutral rating on shares of Lanxess in a research report on Thursday, November 14th. Finally, Nord/LB set a €55.00 ($63.95) price objective on Lanxess and gave the company a neutral rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Lanxess currently has an average rating of Hold and a consensus target price of €61.41 ($71.40).
Shares of ETR:LXS traded down €0.38 ($0.44) on Monday, reaching €62.20 ($72.33). 290,554 shares of the company traded hands, compared to its average volume of 312,027. Lanxess has a fifty-two week low of €39.47 ($45.90) and a fifty-two week high of €64.00 ($74.42). The company’s 50 day moving average is €59.28 and its 200-day moving average is €53.42. The stock has a market capitalization of $5.44 billion and a PE ratio of 15.79. The company has a debt-to-equity ratio of 102.70, a current ratio of 2.70 and a quick ratio of 1.54.
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.
Further Reading: How to build a Fibonacci channel
Receive News & Ratings for Lanxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lanxess and related companies with MarketBeat.com's FREE daily email newsletter.