Lanxess AG (ETR:LXS) PT Set at €72.00 by Independent Research GmbH

Lanxess AG (ETR:LXS) has been given a €72.00 ($84.71) price target by equities researchers at Independent Research GmbH in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock.

A number of other equities research analysts have also commented on the company. Commerzbank Ag set a €64.00 ($75.29) price target on Lanxess AG and gave the company a “buy” rating in a research report on Thursday. Baader Bank set a €74.00 ($87.06) price target on Lanxess AG and gave the company a “neutral” rating in a research report on Thursday. Citigroup Inc. set a €80.00 ($94.12) price target on Lanxess AG and gave the company a “buy” rating in a research report on Monday, August 7th. Goldman Sachs Group, Inc. (The) set a €69.00 ($81.18) price target on Lanxess AG and gave the company a “neutral” rating in a research report on Friday, July 14th. Finally, Deutsche Bank AG set a €79.00 ($92.94) price target on Lanxess AG and gave the company a “buy” rating in a research report on Monday, July 10th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Lanxess AG has a consensus rating of “Hold” and an average target price of €71.72 ($84.38).

Lanxess AG (ETR:LXS) opened at 63.641 on Thursday. Lanxess AG has a 52 week low of €45.95 and a 52 week high of €70.85. The company has a market capitalization of €5.82 billion and a PE ratio of 26.841. The stock’s 50 day moving average is €66.79 and its 200 day moving average is €65.87.

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About Lanxess AG

LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Its business activities are divided into three segments: Performance Polymers, responsible for the manufacture of special-purpose rubbers for rubber products used in vehicles, footwear, engineering and construction area, among others; Advanced Intermediates, focused on the development of intermediates for agrochemicals, coatings industries, pharmaceuticals and tire chemicals, among others, as well as Performance Chemicals, which includes chemicals applied in material protection products, inorganic pigments, finishing agents, leather industry and resins for water treatment, among others.

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