Nord/LB Reiterates €53.00 Price Target for Lanxess (LXS)
Nord/LB set a €53.00 ($61.63) price objective on Lanxess (ETR:LXS) in a research report report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other research analysts have also commented on the company. Goldman Sachs Group set a €63.00 ($73.26) price objective on Lanxess and gave the stock a buy rating in a report on Monday, April 8th. UBS Group set a €53.00 ($61.63) price objective on Lanxess and gave the stock a neutral rating in a report on Monday, March 4th. DZ Bank reissued a neutral rating on shares of Lanxess in a report on Thursday, March 21st. Baader Bank set a €49.00 ($56.98) price objective on Lanxess and gave the stock a neutral rating in a report on Thursday, March 14th. Finally, Warburg Research set a €67.00 ($77.91) price objective on Lanxess and gave the stock a buy rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. Lanxess has an average rating of Hold and an average target price of €61.72 ($71.76).
LXS stock opened at €46.79 ($54.41) on Tuesday. The company has a quick ratio of 1.53, a current ratio of 2.61 and a debt-to-equity ratio of 101.71. The stock has a market cap of $4.14 billion and a price-to-earnings ratio of 10.19. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €72.60 ($84.42).
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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