Lanxess (ETR:LXS) has been assigned a €75.00 ($92.59) price objective by UBS in a research report issued on Thursday, March 15th, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS’s price objective indicates a potential upside of 21.36% from the stock’s previous close.
Several other research analysts have also commented on the stock. equinet set a €83.00 ($102.47) price target on shares of Lanxess and gave the stock a “buy” rating in a research note on Thursday, March 15th. Kepler Capital Markets set a €83.00 ($102.47) target price on shares of Lanxess and gave the company a “buy” rating in a research note on Tuesday, February 13th. Barclays set a €66.00 ($81.48) price target on shares of Lanxess and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Baader Bank set a €75.00 ($92.59) price target on shares of Lanxess and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Finally, Credit Suisse Group set a €72.70 ($89.75) price target on shares of Lanxess and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of €71.18 ($87.88).
LXS 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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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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