Deutsche Bank Reiterates €70.00 Price Target for Lanxess (ETR:LXS)
Deutsche Bank set a €70.00 ($81.40) price objective on Lanxess (ETR:LXS) in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other brokerages also recently weighed in on LXS. Kepler Capital Markets set a €49.00 ($56.98) price objective on Scout24 and gave the company a neutral rating in a research report on Tuesday, May 14th. Baader Bank set a €112.00 ($130.23) price objective on Bechtle and gave the company a neutral rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price objective on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a research report on Friday, July 5th. UBS Group boosted their price objective on LyondellBasell Industries from $86.00 to $89.00 and gave the company a neutral rating in a research report on Thursday, July 11th. Finally, Barclays set a $192.00 price objective on Tesla and gave the company a sell rating in a research report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of €61.85 ($71.92).
Shares of LXS stock opened at €55.12 ($64.09) on Friday. The company has a quick ratio of 1.53, a current ratio of 2.61 and a debt-to-equity ratio of 101.71. Lanxess has a fifty-two week low of €39.47 ($45.90) and a fifty-two week high of €72.42 ($84.21). The company has a 50 day moving average of €49.87. The company has a market capitalization of $5.04 billion and a P/E ratio of 12.01.
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.
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