Lanxess (ETR:LXS) Given a €65.00 Price Target at Goldman Sachs Group

Goldman Sachs Group set a €65.00 ($75.58) price objective on Lanxess (ETR:LXS) in a report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently commented on LXS. Kepler Capital Markets set a €47.00 ($54.65) price target on Lanxess and gave the stock a sell rating in a research note on Tuesday, May 14th. UBS Group set a €53.00 ($61.63) price target on Lanxess and gave the stock a neutral rating in a research note on Tuesday, August 13th. Nord/LB set a €53.00 ($61.63) price target on Lanxess and gave the stock a neutral rating in a research note on Friday, August 2nd. Morgan Stanley set a €54.00 ($62.79) price target on Lanxess and gave the stock a neutral rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group set a €54.00 ($62.79) price target on Lanxess and gave the stock a neutral rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Lanxess currently has an average rating of Hold and an average target price of €60.92 ($70.84).

ETR:LXS opened at €50.48 ($58.70) on Wednesday. The company has a debt-to-equity ratio of 107.55, a quick ratio of 1.51 and a current ratio of 2.72. Lanxess has a one year low of €39.47 ($45.90) and a one year high of €70.64 ($82.14). The business’s 50-day simple moving average is €53.44 and its 200 day simple moving average is €50.06. The stock has a market cap of $4.62 billion and a price-to-earnings ratio of 11.61.

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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