Credit Suisse Group set a €70.00 ($86.42) price target on Lanxess (ETR:LXS) in a research report released on Friday, March 16th. The firm currently has a neutral rating on the stock.
A number of other brokerages have also recently issued reports on LXS. Barclays set a €66.00 ($81.48) target price on Lanxess and gave the stock a neutral rating in a report on Thursday, February 8th. DZ Bank reissued a buy rating on shares of Lanxess in a report on Friday, January 19th. Kepler Capital Markets set a €83.00 ($102.47) target price on Lanxess and gave the stock a buy rating in a report on Tuesday, January 2nd. Independent Research set a €73.00 ($90.12) target price on Lanxess and gave the stock a neutral rating in a report on Friday, January 5th. Finally, Deutsche Bank set a €68.00 ($83.95) target price on Lanxess and gave the stock a neutral rating in a report on Friday, March 16th. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of €71.18 ($87.88).
Shares of LXS stock traded down €0.52 ($0.64) during mid-day trading on Friday, reaching €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 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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