Lanxess (ETR:LXS) Earns “Buy” Rating from Goldman Sachs Group
Goldman Sachs Group reissued their buy rating on shares of Lanxess (ETR:LXS) in a report issued on Monday, Borsen Zeitung reports.
A number of other equities research analysts also recently weighed in on LXS. HSBC set a €80.00 ($93.02) price target on shares of Lanxess and gave the company a buy rating in a research note on Monday, August 5th. JPMorgan Chase & Co. restated a buy rating on shares of Lanxess in a research note on Friday, September 6th. Kepler Capital Markets set a €50.00 ($58.14) price target on shares of Lanxess and gave the company a sell rating in a research note on Monday, September 9th. Independent Research set a €59.00 ($68.60) price target on shares of Lanxess and gave the company a neutral rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group set a €54.00 ($62.79) target price on shares of Lanxess and gave the stock a neutral rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of €61.40 ($71.39).
LXS opened at €55.46 ($64.49) on Monday. The company’s 50 day moving average is €53.53 and its 200-day moving average is €51.08. Lanxess has a 1-year low of €39.47 ($45.90) and a 1-year high of €67.50 ($78.49). The company has a current ratio of 2.72, a quick ratio of 1.51 and a debt-to-equity ratio of 107.55. The company has a market cap of $4.85 billion and a P/E ratio of 12.76.
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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