Lanxess AG (ETR:LXS) received a €64.00 ($75.29) price objective from investment analysts at Commerzbank Ag in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the stock.

A number of other research analysts have also recently issued reports on LXS. Warburg Research set a €79.00 ($92.94) price objective on shares of Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Citigroup Inc. set a €80.00 ($94.12) price objective on shares of Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Societe Generale set a €67.00 ($78.82) price objective on shares of Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Nord/LB set a €76.00 ($89.41) price objective on shares of Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Finally, Deutsche Bank AG set a €79.00 ($92.94) price objective on shares of Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Lanxess AG currently has an average rating of “Hold” and an average target price of €71.94 ($84.64).

Shares of Lanxess AG (ETR LXS) opened at 64.55 on Thursday. The firm’s 50-day moving average is €66.95 and its 200 day moving average is €65.90. Lanxess AG has a 12 month low of €45.20 and a 12 month high of €70.85. The company has a market capitalization of €5.91 billion and a PE ratio of 27.22.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/commerzbank-ag-analysts-give-lanxess-ag-etrlxs-a-64-00-price-target/1466859.html.

Lanxess AG Company Profile

LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Its business activities are divided into three segments: Performance Polymers, responsible for the manufacture of special-purpose rubbers for rubber products used in vehicles, footwear, engineering and construction area, among others; Advanced Intermediates, focused on the development of intermediates for agrochemicals, coatings industries, pharmaceuticals and tire chemicals, among others, as well as Performance Chemicals, which includes chemicals applied in material protection products, inorganic pigments, finishing agents, leather industry and resins for water treatment, among others.

Analyst Recommendations for Lanxess AG (ETR:LXS)

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