Jefferies Financial Group set a €62.00 ($72.94) target price on LANXESS Aktiengesellschaft (LXS.F) (ETR:LXS) in a report issued on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other analysts have also recently weighed in on LXS. Warburg Research set a €66.00 ($77.65) price target on LANXESS Aktiengesellschaft (LXS.F) and gave the stock a buy rating in a research report on Thursday, November 5th. The Goldman Sachs Group set a €48.00 ($56.47) price target on LANXESS Aktiengesellschaft (LXS.F) and gave the stock a sell rating in a research note on Thursday, January 7th. JPMorgan Chase & Co. set a €65.00 ($76.47) price objective on shares of LANXESS Aktiengesellschaft (LXS.F) and gave the company a neutral rating in a research note on Monday. Berenberg Bank set a €54.00 ($63.53) price objective on shares of LANXESS Aktiengesellschaft (LXS.F) and gave the stock a buy rating in a report on Monday, November 9th. Finally, Independent Research set a €63.00 ($74.12) target price on shares of LANXESS Aktiengesellschaft (LXS.F) and gave the company a neutral rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of €57.50 ($67.65).
Shares of LXS opened at €63.20 ($74.35) on Wednesday. The company has a debt-to-equity ratio of 89.58, a quick ratio of 2.04 and a current ratio of 3.25. The stock has a 50-day moving average price of €61.52 and a 200 day moving average price of €52.00. The company has a market capitalization of $5.46 billion and a P/E ratio of 6.58. LANXESS Aktiengesellschaft has a one year low of €25.68 ($30.21) and a one year high of €64.86 ($76.31).
LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, and Engineering Materials. The Advanced Intermediates segment provides 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 rubber chemicals.
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