Lanxess (ETR:LXS) received a €65.00 ($75.58) price objective from Goldman Sachs Group in a research report issued on Thursday, September 26th, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective suggests a potential upside of 11.99% from the company’s previous close.
A number of other equities research analysts also recently commented on the stock. Deutsche Bank set a €70.00 ($81.40) price target on shares of Lanxess and gave the stock a “buy” rating in a report on Monday, August 5th. Nord/LB set a €53.00 ($61.63) target price on shares of Lanxess and gave the company a “neutral” rating in a report on Friday, August 2nd. Baader Bank set a €45.00 ($52.33) target price on shares of Lanxess and gave the company a “sell” rating in a report on Friday, August 2nd. Bank of America set a €66.00 ($76.74) target price on shares of Lanxess and gave the company a “buy” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Lanxess in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of €59.97 ($69.73).
Lanxess stock traded up €1.66 ($1.93) during midday trading on Thursday, hitting €58.04 ($67.49). 217,270 shares of the company’s stock were exchanged, compared to its average volume of 312,027. The stock has a market cap of $5.08 billion and a price-to-earnings ratio of 13.35. Lanxess has a 12-month low of €39.47 ($45.90) and a 12-month high of €60.70 ($70.58). The company has a debt-to-equity ratio of 107.55, a quick ratio of 1.51 and a current ratio of 2.72. The firm’s 50 day simple moving average is €54.89 and its 200 day simple moving average is €51.76.
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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