Baader Bank Analysts Give Lanxess (LXS) a €45.00 Price Target
Lanxess (ETR:LXS) has been given a €45.00 ($52.33) price objective by equities researchers at Baader Bank in a research note issued to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Baader Bank’s price target suggests a potential downside of 11.59% from the company’s previous close.
Other equities analysts also recently issued reports about the company. DZ Bank reaffirmed a “neutral” rating on shares of Lanxess in a report on Thursday, March 21st. Goldman Sachs Group set a €63.00 ($73.26) price target on Lanxess and gave the company a “buy” rating in a report on Monday. Warburg Research set a €67.00 ($77.91) price target on Lanxess and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley set a €54.00 ($62.79) price target on Lanxess and gave the company a “neutral” rating in a report on Wednesday. Finally, Credit Suisse Group set a €54.00 ($62.79) price target on Lanxess and gave the company a “neutral” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €62.15 ($72.27).
Shares of LXS opened at €50.90 ($59.19) on Thursday. The company has a debt-to-equity ratio of 98.99, a current ratio of 2.57 and a quick ratio of 1.67. The company has a market capitalization of $4.64 billion and a P/E ratio of 10.81. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week high of €72.60 ($84.42).
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.
Featured Article: Dividend Stocks – Are They Right For You?
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.