Lanxess AG (ETR:LXS) has been given an average rating of “Hold” by the twenty-two analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is €60.54 ($70.40).
A number of research analysts recently commented on LXS shares. Jefferies Financial Group set a €54.00 ($62.79) price objective on shares of Lanxess and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Warburg Research set a €77.30 ($89.88) price objective on shares of Lanxess and gave the company a “buy” rating in a research note on Thursday, August 15th. Kepler Capital Markets set a €50.00 ($58.14) price objective on shares of Lanxess and gave the company a “sell” rating in a research note on Monday, September 9th. HSBC set a €84.00 ($97.67) price objective on shares of Lanxess and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Berenberg Bank set a €55.00 ($63.95) price objective on shares of Lanxess and gave the company a “neutral” rating in a research note on Tuesday, August 6th.
Shares of ETR LXS traded down €1.00 ($1.16) during mid-day trading on Thursday, reaching €53.00 ($61.63). 266,649 shares of the company traded hands, 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 €67.50 ($78.49). 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 $4.63 billion and a PE ratio of 12.19. The stock has a fifty day simple moving average of €53.77 and a 200-day simple moving average of €51.24.
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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