Warburg Research Reiterates €67.00 Price Target for Lanxess (LXS)

Warburg Research set a €67.00 ($77.91) price objective on Lanxess (ETR:LXS) in a research report report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Nord/LB set a €62.00 ($72.09) price target on Lanxess and gave the company a buy rating in a research note on Thursday, January 24th. Goldman Sachs Group set a €57.00 ($66.28) price target on Lanxess and gave the company a buy rating in a research note on Wednesday, January 23rd. JPMorgan Chase & Co. set a €55.00 ($63.95) price target on Lanxess and gave the company a buy rating in a research note on Thursday, March 14th. Commerzbank set a €64.00 ($74.42) price target on Lanxess and gave the company a buy rating in a research note on Tuesday, March 5th. Finally, HSBC set a €80.00 ($93.02) price target on Lanxess and gave the company a buy rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Lanxess presently has a consensus rating of Hold and an average target price of €61.67 ($71.71).

Shares of LXS stock opened at €49.25 ($57.27) on Tuesday. The stock has a market capitalization of $4.35 billion and a PE ratio of 10.46. The company has a quick ratio of 1.67, a current ratio of 2.57 and a debt-to-equity ratio of 98.99. Lanxess has a 1-year low of €39.47 ($45.90) and a 1-year high of €72.60 ($84.42).

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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