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).
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).
TRADEMARK VIOLATION WARNING: “Lanxess (LXS) Given a €73.00 Price Target by UBS Analysts” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/07/lanxess-lxs-given-a-73-00-price-target-by-ubs-analysts.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lanxess and related companies with MarketBeat.com's FREE daily email newsletter.