Baader Bank Reiterates €60.00 Price Target for Lanxess (ETR:LXS)

Baader Bank set a €60.00 ($69.77) price objective on Lanxess (ETR:LXS) in a research report released on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently issued reports on LXS. Independent Research set a €66.00 ($76.74) price objective on shares of Lanxess and gave the company a neutral rating in a report on Monday, November 18th. Credit Suisse Group set a €57.00 ($66.28) price objective on shares of Lanxess and gave the company a neutral rating in a report on Thursday, November 14th. DZ Bank reaffirmed a neutral rating on shares of Lanxess in a report on Thursday, November 14th. Berenberg Bank set a €55.00 ($63.95) price objective on shares of Lanxess and gave the company a neutral rating in a report on Tuesday, January 14th. Finally, Commerzbank set a €75.00 ($87.21) price objective on shares of Lanxess and gave the company a buy rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of €63.82 ($74.21).

LXS opened at €55.22 ($64.21) on Monday. The company has a quick ratio of 1.54, a current ratio of 2.70 and a debt-to-equity ratio of 102.70. The company has a market cap of $4.85 billion and a price-to-earnings ratio of 14.02. Lanxess has a 52-week low of €44.02 ($51.19) and a 52-week high of €64.58 ($75.09). The firm’s fifty day simple moving average is €59.20 and its two-hundred day simple moving average is €57.13.

About Lanxess

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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