Macquarie set a €75.00 ($89.29) price objective on Lanxess AG (ETR:LXS) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Deutsche Bank AG set a €79.00 ($94.05) price target on Lanxess AG and gave the company a buy rating in a research note on Monday, July 10th. HSBC Holdings plc set a €66.00 ($78.57) price target on Lanxess AG and gave the company a neutral rating in a research note on Wednesday, May 24th. Credit Suisse Group set a €70.00 ($83.33) price target on Lanxess AG and gave the company a neutral rating in a research note on Friday, June 16th. Goldman Sachs Group, Inc. (The) set a €69.00 ($82.14) price target on Lanxess AG and gave the company a neutral rating in a research note on Friday, July 14th. Finally, S&P Global set a €70.00 ($83.33) price target on Lanxess AG and gave the company a neutral rating in a research note on Monday, May 29th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of €71.56 ($85.19).

Lanxess AG (LXS) opened at 64.324 on Wednesday. Lanxess AG has a 1-year low of €46.40 and a 1-year high of €70.85. The stock has a 50 day moving average price of €64.38 and a 200 day moving average price of €65.29. The company has a market cap of €5.89 billion and a P/E ratio of 40.609.

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About Lanxess AG

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.

Analyst Recommendations for Lanxess AG (ETR:LXS)

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