Lanxess (ETR:LXS) Given a €56.00 Price Target by UBS Group Analysts

UBS Group set a €56.00 ($65.12) price target on Lanxess (ETR:LXS) in a research report released on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on LXS. Jefferies Financial Group set a €54.00 ($62.79) price objective on shares of Lanxess and gave the company a neutral rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. set a €60.00 ($69.77) price objective on shares of Lanxess and gave the company a buy rating in a research report on Friday, August 2nd. Nord/LB set a €53.00 ($61.63) price objective on shares of Lanxess and gave the company a neutral rating in a research report on Friday, August 2nd. Baader Bank set a €45.00 ($52.33) price objective on shares of Lanxess and gave the company a sell rating in a research report on Friday, August 2nd. Finally, Deutsche Bank set a €70.00 ($81.40) price objective on shares of Lanxess and gave the company a buy rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Lanxess has a consensus rating of Hold and a consensus target price of €61.06 ($71.00).

ETR:LXS opened at €52.48 ($61.02) on Monday. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €70.64 ($82.14). The company has a current ratio of 2.72, a quick ratio of 1.51 and a debt-to-equity ratio of 107.55. The company has a 50-day moving average of €53.32 and a 200-day moving average of €50.11. The firm has a market cap of $4.80 billion and a price-to-earnings ratio of 12.07.

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.

See Also: What is a death cross?

Analyst Recommendations for Lanxess (ETR:LXS)

Receive News & Ratings for Lanxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lanxess and related companies with MarketBeat.com's FREE daily email newsletter.