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.
COPYRIGHT VIOLATION WARNING: “Lanxess AG (LXS) PT Set at €75.00 by Macquarie” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/28/lanxess-ag-lxs-pt-set-at-75-00-by-macquarie.html.
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.
Receive News & Ratings for Lanxess AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lanxess AG and related companies with MarketBeat.com's FREE daily email newsletter.