Lanxess (ETR:LXS) has been assigned a €86.00 ($100.00) target price by analysts at Kepler Capital Markets in a report issued on Monday, November 12th. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ target price would indicate a potential upside of 92.52% from the stock’s current price.
Several other analysts also recently weighed in on LXS. Nord/LB set a €74.00 ($86.05) price target on shares of Lanxess and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Baader Bank set a €65.00 ($75.58) price objective on shares of Lanxess and gave the company a “sell” rating in a report on Wednesday, August 8th. Jefferies Financial Group set a €69.00 ($80.23) price objective on shares of Lanxess and gave the company a “neutral” rating in a report on Thursday, August 9th. UBS Group set a €76.00 ($88.37) price objective on shares of Lanxess and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, Goldman Sachs Group set a €85.00 ($98.84) price objective on shares of Lanxess and gave the company a “buy” rating in a report on Tuesday, July 31st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. Lanxess currently has an average rating of “Hold” and an average price target of €68.08 ($79.17).
Shares of ETR:LXS traded down €0.24 ($0.28) during trading on Monday, reaching €44.67 ($51.94). The company’s stock had a trading volume of 451,010 shares, compared to its average volume of 312,027. Lanxess has a 12 month low of €59.89 ($69.64) and a 12 month high of €74.50 ($86.63).
Lanxess Company Profile
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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