Lanxess AG (LXS) PT Set at €75.00 by Macquarie

Lanxess AG (ETR:LXS) has been given a €75.00 ($88.24) price objective by analysts at Macquarie in a report issued on Thursday. The brokerage currently has a “buy” rating on the stock.

Several other brokerages have also recently issued reports on LXS. Goldman Sachs Group, Inc. (The) set a €71.00 ($83.53) target price on shares of Lanxess AG and gave the stock a “neutral” rating in a report on Wednesday, October 11th. BNP Paribas set a €65.00 ($76.47) target price on shares of Lanxess AG and gave the stock a “neutral” rating in a report on Friday, October 6th. Baader Bank set a €75.00 ($88.24) target price on shares of Lanxess AG and gave the stock a “buy” rating in a report on Wednesday, October 4th. Deutsche Bank AG set a €79.00 ($92.94) target price on shares of Lanxess AG and gave the stock a “buy” rating in a report on Thursday, September 28th. Finally, Kepler Capital Markets set a €87.00 ($102.35) target price on shares of Lanxess AG and gave the stock a “buy” rating in a report on Wednesday, September 27th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Lanxess AG currently has a consensus rating of “Hold” and an average price target of €71.26 ($83.84).

Shares of Lanxess AG (ETR LXS) opened at 68.181 on Thursday. Lanxess AG has a 52 week low of €53.00 and a 52 week high of €70.85. The stock has a market capitalization of €6.24 billion and a price-to-earnings ratio of 43.044. The firm’s 50-day moving average is €66.13 and its 200-day moving average is €65.96.

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Lanxess AG Company Profile

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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