Goldman Sachs Group Analysts Give Lanxess (ETR:LXS) a €63.00 Price Target

Goldman Sachs Group set a €63.00 ($73.26) price target on Lanxess (ETR:LXS) in a report issued on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other research firms have also commented on LXS. Morgan Stanley set a €54.00 ($62.79) price target on Lanxess and gave the stock a neutral rating in a research report on Monday, July 15th. Jefferies Financial Group set a €54.00 ($62.79) price target on Lanxess and gave the stock a neutral rating in a research report on Wednesday, August 7th. Warburg Research set a €77.30 ($89.88) price target on Lanxess and gave the stock a buy rating in a research report on Thursday, August 15th. Kepler Capital Markets set a €50.00 ($58.14) price target on Lanxess and gave the stock a sell rating in a research report on Monday, September 9th. Finally, Berenberg Bank set a €55.00 ($63.95) price target on Lanxess and gave the stock a neutral rating in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Lanxess presently has an average rating of Hold and a consensus price target of €60.07 ($69.84).

LXS opened at €54.00 ($62.79) on Thursday. The firm has a market cap of $4.72 billion and a P/E ratio of 12.42. Lanxess has a 12 month low of €39.47 ($45.90) and a 12 month high of €64.14 ($74.58). The company has a current ratio of 2.72, a quick ratio of 1.51 and a debt-to-equity ratio of 107.55. The stock has a 50-day moving average of €54.28 and a 200 day moving average of €51.57.

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.

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Analyst Recommendations for Lanxess (ETR:LXS)

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