Lanxess AG (LXS) Given Consensus Recommendation of “Hold” by Analysts

Lanxess AG (ETR:LXS) has been assigned an average rating of “Hold” from the twenty-four research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is €61.75 ($71.80).

LXS has been the subject of several research reports. Nord/LB set a €62.00 ($72.09) price objective on shares of Lanxess and gave the company a “buy” rating in a research report on Monday, November 12th. UBS Group set a €78.00 ($90.70) price objective on shares of Lanxess and gave the company a “buy” rating in a research report on Monday, November 12th. Goldman Sachs Group set a €84.00 ($97.67) price objective on shares of Lanxess and gave the company a “buy” rating in a research report on Monday, November 12th. Kepler Capital Markets set a €86.00 ($100.00) price objective on shares of Lanxess and gave the company a “buy” rating in a research report on Monday, November 12th. Finally, Warburg Research set a €79.00 ($91.86) price objective on shares of Lanxess and gave the company a “buy” rating in a research report on Tuesday, November 13th.

LXS stock traded up €0.76 ($0.88) during trading on Wednesday, hitting €45.82 ($53.28). 486,587 shares of the company’s stock traded hands, compared to its average volume of 312,027. Lanxess has a 52 week low of €59.89 ($69.64) and a 52 week high of €74.50 ($86.63).

Lanxess Company Profile

LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.

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Analyst Recommendations for Lanxess (ETR:LXS)

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