Lanxess (ETR:LXS)‘s stock had its “neutral” rating reissued by Goldman Sachs Group in a research report issued to clients and investors on Monday, Borsen Zeitung reports.
LXS has been the topic of a number of other reports. Deutsche Bank set a €73.00 ($84.88) price objective on Lanxess and gave the stock a “buy” rating in a research note on Monday. DZ Bank reaffirmed a “neutral” rating on shares of Lanxess in a report on Thursday, November 14th. Berenberg Bank set a €55.00 ($63.95) target price on Lanxess and gave the company a “neutral” rating in a report on Wednesday, September 25th. Warburg Research set a €80.00 ($93.02) price target on Lanxess and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Independent Research set a €66.00 ($76.74) price target on Lanxess and gave the stock a “neutral” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of €64.00 ($74.42).
LXS stock opened at €60.32 ($70.14) on Monday. The stock has a market capitalization of $5.27 billion and a price-to-earnings ratio of 15.31. The company has a 50-day moving average of €60.93 and a two-hundred day moving average of €54.50. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week high of €64.58 ($75.09). The company has a debt-to-equity ratio of 102.70, a current ratio of 2.70 and a quick ratio of 1.54.
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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