Lanxess (ETR:LXS) has been given a €70.00 ($81.40) target price by stock analysts at Credit Suisse Group in a note issued to investors on Wednesday, October 3rd. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 20.23% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Kepler Capital Markets set a €86.00 ($100.00) price target on shares of Lanxess and gave the stock a “buy” rating in a research note on Thursday, August 2nd. equinet set a €83.00 ($96.51) price target on shares of Lanxess and gave the stock a “buy” rating in a research note on Friday, August 3rd. Barclays set a €68.00 ($79.07) price target on shares of Lanxess and gave the stock a “neutral” rating in a research note on Friday, August 3rd. UBS Group set a €76.00 ($88.37) price target on shares of Lanxess and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, HSBC set a €95.00 ($110.47) price objective on shares of Lanxess and gave the stock a “buy” rating in a report on Friday, August 10th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of €73.73 ($85.73).
Shares of Lanxess stock opened at €58.22 ($67.70) on Wednesday. Lanxess has a 52-week low of €59.89 ($69.64) and a 52-week 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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