Goldman Sachs Group set a €66.00 ($76.74) target price on Lanxess (ETR:LXS) in a report issued on Friday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other analysts also recently issued reports on LXS. Baader Bank set a €45.00 ($52.33) price target on shares of Lanxess and gave the company a sell rating in a report on Friday. Nord/LB set a €53.00 ($61.63) price target on shares of Lanxess and gave the company a neutral rating in a report on Tuesday, May 21st. DZ Bank reaffirmed a neutral rating on shares of Lanxess in a report on Friday, June 14th. Warburg Research set a €67.00 ($77.91) price target on shares of Lanxess and gave the company a buy rating in a report on Tuesday, May 14th. Finally, Jefferies Financial Group set a €50.00 ($58.14) price target on shares of Lanxess and gave the company a neutral rating in a report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of €60.52 ($70.38).
Shares of ETR LXS opened at €50.88 ($59.16) on Friday. The company’s 50-day moving average is €52.44. The company has a debt-to-equity ratio of 101.71, a quick ratio of 1.53 and a current ratio of 2.61. The stock has a market cap of $4.66 billion and a P/E ratio of 11.08. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week high of €72.42 ($84.21).
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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