Deutsche Bank set a €70.00 ($81.40) price target on Lanxess (ETR:LXS) in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
LXS has been the topic of several other research reports. Independent Research set a €52.00 ($60.47) target price on shares of Lanxess and gave the stock a neutral rating in a research note on Wednesday, May 15th. DZ Bank cut shares of from a buy rating to a hold rating in a research note on Friday, June 14th. Warburg Research set a €60.00 ($69.77) target price on shares of Indus and gave the stock a buy rating in a research note on Tuesday, May 14th. JPMorgan Chase & Co. lifted their target price on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a research note on Friday, July 5th. Finally, Baader Bank set a €46.00 ($53.49) price target on shares of Deutsche Wohnen and gave the company a buy rating in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Lanxess presently has an average rating of Hold and a consensus target price of €61.85 ($71.92).
LXS traded up €0.14 ($0.16) on Monday, hitting €53.12 ($61.77). 404,714 shares of the company’s stock were exchanged, 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 €72.42 ($84.21). The company has a debt-to-equity ratio of 101.71, a quick ratio of 1.53 and a current ratio of 2.61. The firm’s 50-day simple moving average is €48.50. The company has a market capitalization of $4.87 billion and a PE ratio of 11.57.
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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