Lanxess (LXS) PT Set at €70.00 by Deutsche Bank

Lanxess (ETR:LXS) has been given a €70.00 ($81.40) price objective by analysts at Deutsche Bank in a research note issued on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 43.30% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. DZ Bank restated a “neutral” rating on shares of Lanxess in a report on Monday. Goldman Sachs Group set a €63.00 ($73.26) price objective on Lanxess and gave the company a “buy” rating in a report on Thursday, May 16th. Independent Research set a €52.00 ($60.47) price objective on Lanxess and gave the company a “neutral” rating in a report on Wednesday, May 15th. Jefferies Financial Group set a €50.00 ($58.14) price objective on Lanxess and gave the company a “neutral” rating in a report on Tuesday, May 14th. Finally, Barclays set a €63.00 ($73.26) price objective on Lanxess and gave the company a “neutral” rating in a report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of €61.67 ($71.71).

LXS opened at €48.85 ($56.80) on Tuesday. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week high of €72.60 ($84.42). The company has a debt-to-equity ratio of 101.71, a current ratio of 2.61 and a quick ratio of 1.53. The firm has a market cap of $4.32 billion and a P/E ratio of 10.64.



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.

Featured Story: What is the Moving Average Convergence Divergence (MACD) oscillator?

Analyst Recommendations for Lanxess (ETR:LXS)

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.