Lanxess (LXS) PT Set at €53.50 by Berenberg Bank

Berenberg Bank set a €53.50 ($62.21) price target on Lanxess (ETR:LXS) in a research note released on Thursday, March 21st, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on LXS. Independent Research set a €52.00 ($60.47) price objective on Lanxess and gave the company a neutral rating in a research report on Tuesday, March 19th. Kepler Capital Markets set a €47.00 ($54.65) price objective on Lanxess and gave the company a sell rating in a research report on Wednesday, March 20th. HSBC set a €80.00 ($93.02) price target on Lanxess and gave the stock a buy rating in a report on Wednesday, March 20th. Macquarie set a €53.00 ($61.63) price target on Lanxess and gave the stock a neutral rating in a report on Thursday, November 29th. Finally, Commerzbank set a €64.00 ($74.42) price objective on Lanxess and gave the stock a buy rating in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of €61.76 ($71.81).

LXS stock traded up €0.90 ($1.05) during midday trading on Thursday, reaching €54.20 ($63.02). The company’s stock had a trading volume of 395,492 shares, compared to its average volume of 312,027. Lanxess has a 1 year low of €39.47 ($45.90) and a 1 year high of €72.60 ($84.42). The company has a quick ratio of 1.67, a current ratio of 2.57 and a debt-to-equity ratio of 98.99. The firm has a market cap of $4.90 billion and a price-to-earnings ratio of 11.51.

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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