Baader Bank set a €45.00 ($52.33) price objective on Lanxess (ETR:LXS) in a report published on Tuesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Several other equities research analysts have also commented on LXS. Credit Suisse Group set a €19.00 ($22.09) price target on shares of K&S and gave the company a neutral rating in a report on Tuesday, May 14th. Kepler Capital Markets set a €49.00 ($56.98) price target on shares of Scout24 and gave the company a neutral rating in a report on Tuesday, May 14th. Independent Research set a €52.00 ($60.47) price target on shares of Lanxess and gave the company a neutral rating in a report on Wednesday, May 15th. Deutsche Bank restated a buy rating and issued a $80.00 price target on shares of Bayerische Motoren Werke in a report on Monday, July 8th. Finally, Berenberg Bank set a €126.00 ($146.51) price target on shares of Nemetschek and gave the company a neutral rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, twelve have issued 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 €61.85 ($71.92).
ETR:LXS opened at €54.28 ($63.12) on Tuesday. Lanxess has a one year low of €39.47 ($45.90) and a one year 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 company has a market cap of $4.97 billion and a price-to-earnings ratio of 11.82. The firm has a 50-day simple moving average of €48.71.
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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