Lanxess (LXS) Stock Rating Reaffirmed by Bank of America
Lanxess (ETR:LXS)‘s stock had its “buy” rating reaffirmed by equities researchers at Bank of America in a note issued to investors on Thursday.
LXS has been the subject of a number of other reports. Kepler Capital Markets set a €83.00 ($98.81) price target on Lanxess and gave the stock a “buy” rating in a report on Tuesday, November 28th. Macquarie set a €75.00 ($89.29) price target on Lanxess and gave the stock a “buy” rating in a report on Wednesday, September 13th. Morgan Stanley set a €64.00 ($76.19) price target on Lanxess and gave the stock a “neutral” rating in a report on Tuesday, December 26th. JPMorgan Chase & Co. set a €67.00 ($79.76) price target on Lanxess and gave the stock a “neutral” rating in a report on Monday. Finally, Deutsche Bank set a €69.00 ($82.14) price target on Lanxess and gave the stock a “neutral” rating in a report on Monday, December 4th. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of €70.80 ($84.29).
Shares of Lanxess (LXS) opened at €68.70 ($81.79) on Thursday. Lanxess has a 1-year low of €59.89 ($71.30) and a 1-year high of €70.67 ($84.13). The firm has a market capitalization of $6,310.00 and a PE ratio of 45.50.
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LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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