Lanxess’ (LXS) “Buy” Rating Reiterated at DZ Bank

DZ Bank reissued their buy rating on shares of Lanxess (ETR:LXS) in a report released on Friday morning.

Several other brokerages have also recently weighed in on LXS. Kepler Capital Markets set a €83.00 ($98.81) price target on Lanxess and gave the company a buy rating in a research report on Tuesday, January 2nd. Macquarie set a €75.00 ($89.29) target price on Lanxess and gave the stock a buy rating in a research report on Thursday, October 26th. Baader Bank set a €75.00 ($89.29) target price on Lanxess and gave the stock a buy rating in a research report on Thursday, September 28th. Independent Research set a €73.00 ($86.90) target price on Lanxess and gave the stock a neutral rating in a research report on Friday, January 5th. Finally, Jefferies Group set a €69.00 ($82.14) target price on Lanxess and gave the stock a neutral rating in a research report on Tuesday, November 28th. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Lanxess presently has a consensus rating of Hold and a consensus target price of €70.80 ($84.29).

Shares of Lanxess (ETR:LXS) opened at €73.54 ($87.55) on Friday. The company has a market cap of $6,760.00 and a PE ratio of 48.70. Lanxess has a 52 week low of €59.89 ($71.30) and a 52 week high of €74.30 ($88.45).

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Lanxess 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 (ETR:LXS)

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