Lanxess (ETR:LXS) received a €86.00 ($100.00) price objective from Goldman Sachs Group in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price target suggests a potential upside of 29.21% from the company’s previous close.

Several other research firms also recently commented on LXS. Deutsche Bank set a €68.00 ($79.07) price target on shares of Lanxess and gave the stock a “neutral” rating in a research note on Friday, June 15th. Nord/LB set a €70.00 ($81.40) price target on shares of Lanxess and gave the stock a “neutral” rating in a research note on Monday, May 7th. Societe Generale set a €70.00 ($81.40) price target on shares of Lanxess and gave the stock a “neutral” rating in a research note on Monday, August 6th. Cfra set a €77.00 ($89.53) price target on shares of Lanxess and gave the stock a “buy” rating in a research note on Friday, August 3rd. Finally, Kepler Capital Markets set a €86.00 ($100.00) price target on shares of Lanxess and gave the stock a “buy” rating in a research note on Friday, May 25th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of €74.13 ($86.20).

Lanxess stock opened at €66.56 ($77.40) on Monday. Lanxess has a fifty-two week low of €59.89 ($69.64) and a fifty-two week high of €74.50 ($86.63).

Lanxess Company Profile

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.

Further Reading: Relative Strength Index

Analyst Recommendations for Lanxess (ETR:LXS)

Receive News & Ratings for Lanxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lanxess and related companies with MarketBeat.com's FREE daily email newsletter.