Goldman Sachs Group, Inc. (The) Reiterates €71.00 Price Target for Lanxess AG (LXS)
Lanxess AG (ETR:LXS) has been assigned a €71.00 ($83.53) price objective by analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Thursday. The firm presently has a “neutral” rating on the stock.
LXS has been the topic of a number of other research reports. DZ Bank AG reaffirmed a “buy” rating on shares of Lanxess AG in a report on Friday, June 9th. Credit Suisse Group set a €67.00 ($78.82) price target on Lanxess AG and gave the company a “neutral” rating in a report on Friday, August 11th. Deutsche Bank AG set a €79.00 ($92.94) price target on Lanxess AG and gave the company a “buy” rating in a report on Friday, August 11th. HSBC Holdings plc set a €66.00 ($77.65) price target on Lanxess AG and gave the company a “neutral” rating in a report on Wednesday, August 30th. Finally, Citigroup Inc. set a €80.00 ($94.12) price target on Lanxess AG and gave the company a “buy” rating in a report on Monday, August 14th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of €71.61 ($84.25).
Lanxess AG (LXS) traded up 0.303% during trading on Thursday, reaching €67.092. The company’s stock had a trading volume of 16 shares. Lanxess AG has a 52 week low of €47.94 and a 52 week high of €70.85. The stock has a market capitalization of €6.14 billion and a price-to-earnings ratio of 42.356. The firm has a 50 day moving average of €64.49 and a 200 day moving average of €65.48.
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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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