Morgan Stanley set a €54.00 ($62.79) target price on Lanxess (ETR:LXS) in a research note released on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other equities research analysts have also recently weighed in on the company. HSBC upped their price target on Johnson Service Group from GBX 148 ($1.93) to GBX 180 ($2.35) and gave the company a buy rating in a research report on Friday, July 5th. Credit Suisse Group set a €19.00 ($22.09) price target on K&S and gave the company a neutral rating in a research report on Tuesday, May 14th. Berenberg Bank set a €126.00 ($146.51) price target on Nemetschek and gave the company a neutral rating in a research report on Thursday, March 21st. Jefferies Financial Group reiterated a buy rating and set a $30.00 price target on shares of Amarin in a research report on Tuesday, July 9th. Finally, Deutsche Bank reiterated a buy rating and set a $80.00 price target on shares of Bayerische Motoren Werke in a research report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. Lanxess currently has a consensus rating of Hold and a consensus target price of €61.85 ($71.92).
Shares of LXS opened at €55.14 ($64.12) on Monday. The firm’s 50-day moving average is €49.68. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €72.42 ($84.21). The company has a market capitalization of $5.05 billion and a PE ratio of 12.01. The company has a debt-to-equity ratio of 101.71, a quick ratio of 1.53 and a current ratio of 2.61.
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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