Lanxess AG (LXS) Given a €67.00 Price Target at J P Morgan Chase & Co
Lanxess AG (ETR:LXS) received a €67.00 ($78.82) price target from investment analysts at J P Morgan Chase & Co in a note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock.
A number of other research firms have also weighed in on LXS. Goldman Sachs Group, Inc. (The) set a €70.00 ($82.35) price objective on Lanxess AG and gave the stock a “neutral” rating in a research report on Monday, May 29th. Credit Suisse Group set a €70.00 ($82.35) price objective on Lanxess AG and gave the stock a “neutral” rating in a research report on Friday, June 16th. Baader Bank set a €67.00 ($78.82) price objective on Lanxess AG and gave the stock a “neutral” rating in a research report on Saturday, May 20th. Barclays PLC set a €63.00 ($74.12) price objective on Lanxess AG and gave the stock a “neutral” rating in a research report on Saturday, May 20th. Finally, Warburg Research set a €79.00 ($92.94) price objective on Lanxess AG and gave the stock a “buy” rating in a research 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 stock. Lanxess AG has a consensus rating of “Hold” and an average price target of €71.89 ($84.58).
Lanxess AG (LXS) opened at 63.667 on Friday. The stock has a market capitalization of €5.83 billion and a P/E ratio of 26.852. Lanxess AG has a one year low of €45.95 and a one year high of €70.85. The stock has a 50 day moving average price of €66.86 and a 200-day moving average price of €65.89.
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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.
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