Deutsche Bank set a €68.00 ($83.95) price objective on Lanxess (ETR:LXS) in a report published on Friday, March 16th. The firm currently has a neutral rating on the stock.
Several other analysts also recently weighed in on LXS. UBS set a €75.00 ($92.59) price objective on Lanxess and gave the stock a buy rating in a research report on Wednesday, December 13th. equinet set a €83.00 ($102.47) price objective on Lanxess and gave the stock a buy rating in a research report on Thursday, March 15th. JPMorgan Chase set a €67.00 ($82.72) price objective on Lanxess and gave the stock a neutral rating in a research report on Thursday, March 15th. Commerzbank set a €67.00 ($82.72) price objective on Lanxess and gave the stock a neutral rating in a research report on Thursday, March 15th. Finally, Credit Suisse Group set a €72.70 ($89.75) target price on Lanxess and gave the stock a neutral rating in a report on Thursday, January 25th. Fifteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of €71.18 ($87.88).
LXS traded down €0.52 ($0.64) during trading on Friday, hitting €61.80 ($76.30). The stock had a trading volume of 273,424 shares, compared to its average volume of 312,027. Lanxess has a one year low of €59.89 ($73.94) and a one year high of €74.50 ($91.98).
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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.
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