Lanxess (ETR:LXS) received a €83.00 ($102.47) price target from research analysts at Kepler Capital Markets in a report issued on Thursday, March 15th. The firm currently has a “buy” rating on the stock. Kepler Capital Markets’ price target would indicate a potential upside of 34.30% from the company’s previous close.
Several other analysts have also issued reports on LXS. Deutsche Bank set a €69.00 ($85.19) price target on shares of Lanxess and gave the stock a “neutral” rating in a research report on Wednesday, December 13th. UBS set a €75.00 ($92.59) price target on shares of Lanxess and gave the stock a “buy” rating in a research report on Wednesday, December 13th. equinet set a €83.00 ($102.47) price target on shares of 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 shares of Lanxess and gave the stock a “neutral” rating in a report on Thursday, March 15th. Finally, Commerzbank set a €67.00 ($82.72) price target on shares of Lanxess and gave the company a “neutral” rating in a report on Thursday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of €71.18 ($87.88).
Shares of LXS 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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