Lanxess (LXS) PT Set at €53.00 by UBS Group
Lanxess (ETR:LXS) has been given a €53.00 ($61.63) target price by equities researchers at UBS Group in a research note issued on Thursday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 18.65% from the company’s previous close.
Other research analysts have also issued reports about the company. HSBC set a €95.00 ($110.47) price target on Lanxess and gave the company a “buy” rating in a report on Friday, August 10th. Kepler Capital Markets set a €86.00 ($100.00) target price on Lanxess and gave the company a “buy” rating in a research note on Tuesday, September 25th. Credit Suisse Group set a €70.00 ($81.40) target price on Lanxess and gave the company a “neutral” rating in a research note on Wednesday, October 3rd. Nord/LB set a €74.00 ($86.05) target price on Lanxess and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, Commerzbank set a €67.00 ($77.91) target price on Lanxess and gave the company a “neutral” rating in a research note on Friday, September 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of €68.08 ($79.17).
Shares of LXS opened at €44.67 ($51.94) on Thursday. Lanxess has a one year low of €59.89 ($69.64) and a one year high of €74.50 ($86.63).
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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