Lanxess (LXS) Given a €73.00 Price Target by UBS Analysts

Lanxess (ETR:LXS) has been given a €73.00 ($90.12) price target by equities research analysts at UBS in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. UBS’s price target would indicate a potential upside of 18.12% from the stock’s previous close.

Several other brokerages have also recently issued reports on LXS. DZ Bank restated a “buy” rating on shares of Lanxess in a report on Friday, January 19th. Credit Suisse Group set a €72.70 ($89.75) target price on shares of Lanxess and gave the company a “neutral” rating in a report on Thursday, January 25th. JPMorgan Chase set a €67.00 ($82.72) target price on shares of Lanxess and gave the company a “neutral” rating in a report on Monday, January 8th. Independent Research set a €73.00 ($90.12) target price on shares of Lanxess and gave the company a “neutral” rating in a report on Friday, January 5th. Finally, Bank of America restated a “buy” rating on shares of Lanxess in a report on Thursday, January 11th. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of €71.18 ($87.88).

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Shares of Lanxess stock opened at €61.80 ($76.30) on Thursday. Lanxess has a 12-month low of €59.89 ($73.94) and a 12-month high of €74.50 ($91.98).

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About Lanxess

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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