Lanxess AG (ETR:LXS) received a €67.00 ($78.82) target price from Credit Suisse Group in a research note issued to investors on Friday. The firm presently has a “neutral” rating on the stock.

Other research analysts have also issued research reports about the company. Warburg Research set a €79.00 ($92.94) target price on Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Baader Bank set a €67.00 ($78.82) target price on Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Nord/LB set a €76.00 ($89.41) target price on Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Commerzbank Ag set a €64.00 ($75.29) target price on Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Finally, Independent Research GmbH set a €72.00 ($84.71) target price on Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of €71.72 ($84.38).

Shares of Lanxess AG (ETR:LXS) opened at 63.579 on Friday. The firm has a 50-day moving average price of €66.86 and a 200 day moving average price of €65.89. The stock has a market cap of €5.82 billion and a price-to-earnings ratio of 26.815. Lanxess AG has a 52-week low of €45.95 and a 52-week high of €70.85.

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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)

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