DZ Bank Reiterates Neutral Rating for Lanxess (ETR:LXS)

DZ Bank restated their neutral rating on shares of Lanxess (ETR:LXS) in a research report report published on Thursday, Borsen Zeitung reports.

Several other research analysts have also issued reports on the stock. UBS Group set a €56.00 ($65.12) target price on shares of Lanxess and gave the stock a neutral rating in a research note on Wednesday. Nord/LB set a €55.00 ($63.95) price objective on shares of Lanxess and gave the stock a neutral rating in a report on Wednesday. Kepler Capital Markets set a €50.00 ($58.14) price objective on shares of Lanxess and gave the stock a sell rating in a report on Wednesday. Bank of America set a €66.00 ($76.74) price objective on shares of Lanxess and gave the stock a buy rating in a report on Friday, September 20th. Finally, Baader Bank set a €45.00 ($52.33) price objective on shares of Lanxess and gave the stock a sell rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of €59.85 ($69.59).

ETR LXS traded up €1.56 ($1.81) on Thursday, hitting €63.88 ($74.28). 435,735 shares of the company were exchanged, compared to its average volume of 312,027. The company has a market cap of $5.58 billion and a PE ratio of 16.22. Lanxess has a 12 month low of €39.47 ($45.90) and a 12 month high of €64.00 ($74.42). The stock has a fifty day moving average of €58.75 and a 200-day moving average of €53.26. The company has a current ratio of 2.70, a quick ratio of 1.54 and a debt-to-equity ratio of 102.70.

About Lanxess

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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