Citigroup Raises LyondellBasell Industries (LYB) Price Target to $125.00
LyondellBasell Industries (NYSE:LYB) had its price objective lifted by Citigroup from $122.00 to $125.00 in a research report released on Wednesday. The brokerage currently has a buy rating on the specialty chemicals company’s stock.
A number of other equities research analysts also recently issued reports on the stock. Cowen upped their price objective on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock a market perform rating in a research report on Friday, August 10th. Zacks Investment Research raised shares of LyondellBasell Industries from a hold rating to a buy rating and set a $127.00 price objective for the company in a research report on Thursday, August 9th. BMO Capital Markets upped their price objective on shares of LyondellBasell Industries from $111.00 to $112.00 and gave the stock a market perform rating in a research report on Tuesday, August 7th. ValuEngine downgraded shares of LyondellBasell Industries from a buy rating to a hold rating in a research report on Wednesday, July 4th. Finally, Wells Fargo & Co upped their price objective on shares of LyondellBasell Industries from $125.00 to $130.00 and gave the stock an outperform rating in a research report on Wednesday, June 6th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $118.57.
LYB stock traded up $1.15 during trading on Wednesday, reaching $113.10. The stock had a trading volume of 1,766,668 shares, compared to its average volume of 2,217,789. LyondellBasell Industries has a one year low of $85.35 and a one year high of $121.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.51 and a current ratio of 2.27. The company has a market capitalization of $43.83 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.02 and a beta of 1.09.
About LyondellBasell Industries
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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