Goldman Sachs Group set a €65.00 ($75.58) price target on Lanxess (ETR:LXS) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also issued reports on LXS. Credit Suisse Group set a €54.00 ($62.79) price target on shares of Lanxess and gave the stock a neutral rating in a research report on Tuesday, May 14th. Barclays set a €55.00 ($63.95) price target on shares of Lanxess and gave the stock a neutral rating in a research report on Thursday, August 8th. UBS Group set a €53.00 ($61.63) price target on shares of Lanxess and gave the stock a neutral rating in a research report on Tuesday. Deutsche Bank set a €70.00 ($81.40) price target on shares of Lanxess and gave the stock a buy rating in a research report on Monday, August 5th. Finally, Kepler Capital Markets set a €47.00 ($54.65) price target on shares of Lanxess and gave the stock a sell rating in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Lanxess has an average rating of Hold and an average target price of €60.92 ($70.84).
ETR LXS opened at €50.04 ($58.19) on Wednesday. The company has a debt-to-equity ratio of 107.55, a current ratio of 2.72 and a quick ratio of 1.51. The firm has a market cap of $4.73 billion and a price-to-earnings ratio of 11.51. The stock’s 50 day moving average price is €53.46. Lanxess has a 1 year low of €39.47 ($45.90) and a 1 year high of €70.66 ($82.16).
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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