Lanxess (LXS) PT Set at €54.00 by Credit Suisse Group
Lanxess (ETR:LXS) has been given a €54.00 ($62.79) price target by analysts at Credit Suisse Group in a report released on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 14.29% from the stock’s current price.
LXS has been the subject of a number of other reports. Baader Bank set a €45.00 ($52.33) target price on shares of Lanxess and gave the company a “sell” rating in a report on Thursday, April 11th. Goldman Sachs Group reaffirmed a “buy” rating and set a target price on shares of Lanxess in a report on Monday, April 1st. Kepler Capital Markets set a €42.00 ($48.84) target price on shares of Lanxess and gave the company a “sell” rating in a report on Thursday, March 14th. Independent Research set a €52.00 ($60.47) target price on shares of Lanxess and gave the company a “neutral” rating in a report on Tuesday, March 19th. Finally, UBS Group set a €53.00 ($61.63) target price on shares of Lanxess and gave the company a “neutral” rating in a report on Monday, February 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of €61.67 ($71.71).
LXS opened at €47.25 ($54.94) on Tuesday. The company has a debt-to-equity ratio of 98.99, a current ratio of 2.57 and a quick ratio of 1.67. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €72.60 ($84.42). The company has a market cap of $4.18 billion and a PE ratio of 10.03.
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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