Lanxess (LXS) Given a €67.00 Price Target at Commerzbank

Lanxess (ETR:LXS) has been given a €67.00 ($77.91) target price by investment analysts at Commerzbank in a research report issued to clients and investors on Monday, November 12th. The brokerage presently has a “neutral” rating on the stock. Commerzbank’s price target points to a potential upside of 49.99% from the company’s current price.

A number of other research analysts also recently commented on LXS. Barclays set a €68.00 ($79.07) price objective on Lanxess and gave the company a “neutral” rating in a report on Friday, August 3rd. equinet set a €83.00 ($96.51) price objective on Lanxess and gave the company a “buy” rating in a report on Friday, August 3rd. Kepler Capital Markets set a €86.00 ($100.00) price objective on Lanxess and gave the company a “buy” rating in a report on Thursday, August 2nd. UBS Group set a €76.00 ($88.37) price objective on Lanxess and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, HSBC set a €95.00 ($110.47) price objective on Lanxess and gave the company a “buy” rating in a report on Friday, August 10th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of €68.08 ($79.17).

LXS stock traded down €0.24 ($0.28) during mid-day trading on Monday, reaching €44.67 ($51.94). The company had a trading volume of 451,010 shares, compared to its average volume of 312,027. Lanxess has a fifty-two week low of €59.89 ($69.64) and a fifty-two week high of €74.50 ($86.63).

About Lanxess

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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Analyst Recommendations for Lanxess (ETR:LXS)

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