Shares of Lanxess AG (ETR:LXS) have been assigned a consensus recommendation of “Hold” from the twenty-five research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is €70.91 ($87.55).
A number of brokerages have recently issued reports on LXS. DZ Bank restated a “buy” rating on shares of Lanxess in a research report on Friday, January 19th. Credit Suisse Group set a €72.70 ($89.75) price target on Lanxess and gave the stock a “neutral” rating in a report on Thursday, January 25th. JPMorgan Chase set a €67.00 ($82.72) price target on Lanxess and gave the stock a “neutral” rating in a report on Monday, January 8th. Independent Research set a €73.00 ($90.12) price target on Lanxess and gave the stock a “neutral” rating in a report on Friday, January 5th. Finally, Bank of America reaffirmed a “buy” rating on shares of Lanxess in a report on Thursday, January 11th.
Shares of LXS opened at €61.54 ($75.98) on Thursday. Lanxess has a 12-month low of €59.89 ($73.94) and a 12-month high of €74.50 ($91.98).
LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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