BNP Paribas Analysts Give Lanxess AG (LXS) a €65.00 Price Target
A number of other equities analysts have also recently weighed in on the company. Goldman Sachs Group, Inc. (The) set a €71.00 ($83.53) price target on Lanxess AG and gave the stock a neutral rating in a research note on Thursday. Baader Bank set a €75.00 ($88.24) price target on Lanxess AG and gave the stock a buy rating in a research note on Wednesday, October 4th. Deutsche Bank AG set a €79.00 ($92.94) price target on Lanxess AG and gave the stock a buy rating in a research note on Thursday, September 28th. Kepler Capital Markets set a €87.00 ($102.35) price target on Lanxess AG and gave the stock a buy rating in a research note on Wednesday, September 27th. Finally, Macquarie set a €75.00 ($88.24) price target on Lanxess AG and gave the stock a buy rating in a research note on Wednesday, September 13th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of €71.26 ($83.84).
Lanxess AG (LXS) opened at 66.40 on Friday. The firm has a 50-day moving average of €64.63 and a 200-day moving average of €65.49. The stock has a market capitalization of €6.08 billion and a price-to-earnings ratio of 41.92. Lanxess AG has a 12-month low of €53.00 and a 12-month high of €70.85.
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About Lanxess AG
LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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