Kepler Capital Markets set a €47.00 ($54.65) price objective on Lanxess (ETR:LXS) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other brokerages have also commented on LXS. Jefferies Financial Group set a €52.00 ($60.47) price objective on shares of Lanxess and gave the stock a neutral rating in a report on Monday, April 15th. Goldman Sachs Group set a €63.00 ($73.26) price objective on shares of Lanxess and gave the stock a buy rating in a report on Monday, April 8th. JPMorgan Chase & Co. set a €60.00 ($69.77) price objective on shares of Lanxess and gave the stock a buy rating in a report on Thursday, April 4th. Warburg Research set a €67.00 ($77.91) price objective on shares of Lanxess and gave the stock a buy rating in a report on Wednesday, April 10th. Finally, Morgan Stanley set a €54.00 ($62.79) price objective on shares of Lanxess and gave the stock a neutral rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. Lanxess presently has an average rating of Hold and a consensus price target of €61.67 ($71.71).
Shares of ETR:LXS opened at €46.09 ($53.59) on Tuesday. Lanxess has a 12 month low of €39.47 ($45.90) and a 12 month high of €72.60 ($84.42). The company has a current ratio of 2.57, a quick ratio of 1.67 and a debt-to-equity ratio of 98.99. The firm has a market cap of $4.01 billion and a P/E ratio of 9.79.
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.
Recommended Story: Marijuana Stocks Future Looks Bright
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.