Baader Bank set a €45.00 ($52.33) target price on Lanxess (ETR:LXS) in a report released on Tuesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a research note on Friday, July 5th. HSBC raised their target price on shares of Johnson Service Group from GBX 148 ($1.93) to GBX 180 ($2.35) and gave the company a buy rating in a research note on Friday, July 5th. DZ Bank downgraded shares of from a buy rating to a hold rating in a research note on Friday, June 14th. Goldman Sachs Group upgraded shares of Diageo from a sell rating to a neutral rating in a research note on Thursday, July 4th. Finally, Morgan Stanley set a $165.00 target price on shares of Caterpillar and gave the company a buy rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. Lanxess has an average rating of Hold and an average price target of €61.85 ($71.92).
ETR LXS opened at €54.50 ($63.37) on Tuesday. The company has a current ratio of 2.61, a quick ratio of 1.53 and a debt-to-equity ratio of 101.71. The company’s 50 day simple moving average is €48.58. Lanxess has a 52-week low of €39.47 ($45.90) and a 52-week high of €72.42 ($84.21). The company has a market capitalization of $4.99 billion and a P/E ratio of 11.87.
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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