Lanxess AG (ETR:LXS) Given a €87.00 Price Target by Kepler Capital Markets Analysts
Lanxess AG (ETR:LXS) has been assigned a €87.00 ($102.35) price objective by research analysts at Kepler Capital Markets in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock.
Several other research analysts have also recently weighed in on LXS. UBS AG set a €66.00 ($77.65) price target on shares of Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Independent Research GmbH set a €72.00 ($84.71) price target on shares of Lanxess AG and gave the company a “neutral” rating in a report on Thursday. Baader Bank set a €67.00 ($78.82) target price on shares of Lanxess AG and gave the stock a “neutral” rating in a report on Saturday, May 20th. Citigroup Inc. set a €80.00 ($94.12) target price on shares of Lanxess AG and gave the stock a “buy” rating in a report on Monday. Finally, Commerzbank Ag set a €64.00 ($75.29) target price on shares of Lanxess AG and gave the stock a “buy” rating in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of €71.94 ($84.64).
Shares of Lanxess AG (LXS) opened at 64.379 on Thursday. The firm has a 50-day moving average of €66.95 and a 200-day moving average of €65.90. The stock has a market cap of €5.89 billion and a P/E ratio of 27.153. Lanxess AG has a 52-week low of €45.20 and a 52-week high of €70.85.
About Lanxess AG
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.
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