Commerzbank set a €67.00 ($82.72) target price on Lanxess (ETR:LXS) in a research note released on Thursday, March 15th. The firm currently has a neutral rating on the stock.
Other equities analysts have also recently issued research reports about the company. UBS set a €75.00 ($92.59) price target on Lanxess and gave the stock a buy rating in a research note on Monday, February 5th. Barclays set a €66.00 ($81.48) target price on Lanxess and gave the company a neutral rating in a research note on Thursday, February 8th. DZ Bank reaffirmed a buy rating on shares of Lanxess in a research note on Wednesday, December 13th. Morgan Stanley set a €64.00 ($79.01) target price on Lanxess and gave the company a neutral rating in a research note on Wednesday, December 20th. Finally, JPMorgan Chase set a €67.00 ($82.72) price target on Lanxess and gave the company a neutral rating in a report on Thursday, March 15th. Fifteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of €71.18 ($87.88).
Lanxess stock traded down €0.52 ($0.64) during midday trading on Thursday, hitting €61.80 ($76.30). The company’s stock had a trading volume of 273,424 shares, compared to its average volume of 312,027. 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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